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Anna bought a DVR which cost $299. She paid a finance charge of $58 and paid for 12 months. What is her approximate APR?

User Lack
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(58÷12)÷299)*100==1.61%
User Skue
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Answer:

19.4%

Explanation:

58/12*12= 58

58/299= 0.1939

move the decimal to the right 2 places to get final answer

User Matt Honeycutt
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