masumakhon00 masumakhon00

13-10-2021
Business

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You want to borrow $27,500 and can afford monthly payments of $650 for 48 months, but no more. Assume monthly compounding. What is the highest APR rate you can afford

Respuesta :

contenttechnosyscorp contenttechnosyscorp

13-10-2021

Answer:

a) 6.33%

b) 6.67%

c) 5.82%

d) 7.01%

e) 7.18%

Explanation:

Correct answer is A

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