You take out an installment loan to purchase a sailplane costing $34,500. You make a down payment of $8,600 and finance the balance by making monthly payments of $1,196.72 for 24 months. Use the APR...

You take out an installment loan to purchase a sailplane costing $34,500. You make a down payment of $8,600 and finance the<br>balance by making monthly payments of $1,196.72 for 24 months. Use the APR formula to find the APR.<br>O 6.01%<br>O 7.19%<br>O 10.12%<br>O 12.46%<br>

Extracted text: You take out an installment loan to purchase a sailplane costing $34,500. You make a down payment of $8,600 and finance the balance by making monthly payments of $1,196.72 for 24 months. Use the APR formula to find the APR. O 6.01% O 7.19% O 10.12% O 12.46%

Jun 04, 2022

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You take out an installment loan to purchase a sailplane costing $34,500. You make a down payment of $8,600 and finance the balance by making monthly payments of $1,196.72 for 24 months. Use the APR...

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