Help me it due 30 minutes Estimate each product 1/5x22
1 answer:
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The possible values (L,W): (1,7),(2,6),(3,5),(5,3),(6,2),(7,1)
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%.
