Respuesta :
Answer: 19.2%
Step-by-step explanation:
APR= (2(n)(r))/(n+1)
APR= 2(6)(0.112)/(6+1)
APR= 19.2
n= number of monthly payments (6)
r= the rate (11.2% or 0.112)
Answer: 19.2%
Step-by-step explanation:
APR= (2(n)(r))/(n+1)
APR= 2(6)(0.112)/(6+1)
APR= 19.2
n= number of monthly payments (6)
r= the rate (11.2% or 0.112)
