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OpenStudy (anonymous):
Find the APR: Amount Financed $3500; Interest Charged $ 675; Number of Payments 24
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OpenStudy (jackellyn):
r = ((I / Po) / 2) * 100%, r = ((675 / 3500) / 2) * 100% = 9.643% = APR. Note:24 mo. = 2years.
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