ind the APR ,rounded to the nearest tenth of a percent ( one decimal Place ) for the loan. ​ Purchase a living room set for $4,900 at 8% add-on interest for 4 years. Enter only the number without % sign

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 25E
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Find the APR ,rounded to the nearest tenth of a percent ( one decimal Place ) for the loan.

Purchase a living room set for $4,900 at 8% add-on interest for 4 years. Enter only the number without % sign.

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