Determine the apr of the loan to the nearest one- half of a


A student has a total of $2500 in student loans that will be paid with a 48- month installment loan with monthly payments of $61.62. Determine the APR of the loan to the nearest one- half of a percent. Find the apr, to the nearest half percent.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Determine the apr of the loan to the nearest one- half of a
Reference No:- TGS02330946

Expected delivery within 24 Hours