Bradley is at the bird exhibit in the zoo. He would like to visit the reptile exhibit. Which path can Bradley use to get to the
reptile exhibit from the bird exhibit?
1 answer:
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Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
