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15-02-2024
Mathematics

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3. Use Figure 8.2. Amos Howard obtained an installment loan for $800 to
pay for a home repair. He agreed to repay the loan in six monthly
payments. The finance charge is $24.64. What is the APR?
a. 10.00%
c. 10.50%
b. 10.25%
d. 11.00%

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