Ask Question
27 October, 04:46

Tim Smith has a $90,000 loan. His monthly payment is given in the table above. He paid $1,500 in fees and $6,271.04 in total interest the first year of the loan. If the APR is finance charge (interest plus fees) for one year : amount financed, what was the APR for that year?

+1
Answers (1)
  1. 27 October, 05:00
    0
    The answer would be 8.6%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tim Smith has a $90,000 loan. His monthly payment is given in the table above. He paid $1,500 in fees and $6,271.04 in total interest the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers