1. Two consumers borrowed $10,000 for 5 years. Bob has a ...
Miriam and Dave want to borrow $25,000 to put an addition on their house. ... bank offers them a home improvement loan with an APR of 6.3%, what should the length of the loan be so they can afford the monthly payments? 3. Trey is taking out a loan for $85,000. It is a 20-year loan with an APR of ... Find the APR by using the formula for Payday APR. ................
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