Question

NEED MAJOR HELP ASAP!!

Use the constant ratio formula to find the approximate annual percentage rate to the nearest tenth of a percent for a $2,000 loan repaid in 12 payments with an interest charge of $180

Answer 1

Explanation:

Use the constant ratio formula to find the approximate annual percentage rate to the nearest 10th of a percent for a $2000 loan repaid and 12 payments with an interest charge of $180.

R=2Mi/B(n+1)