Assume that interest is the only finance, Financial Management

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Assume that interest is the only finance

Assume that interest is the only finance charge. Use financial calculator to answer the questions.

How much interest would be paid on a $6,000 installment loan to be repaid in 60 monthly installments of $133.50? Round the answer to 4 decimal places.

% per month

What is the APR on this loan? Round the answer to 2 decimal places.

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Financial Management: Assume that interest is the only finance

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Financial Management: Assume that interest is the only finance

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