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Choose the correct answer. Stacy Smith has a $50,000 loan. She paid $250 for a credit report, $300 for attorneys, $250 for appraisal fees, and $5,268 in total interest for the first year. If the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the APR for that year? %

2 Answers

4 votes

Answer:

12.1

Step-by-step explanation:

it is on odyssey ware

User Richvdh
by
8.2k points
3 votes
Hello,
The answer is 12.1%
Good Luck!
User Cartucho
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7.9k points