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40 votes
40 votes
Determine the APR.

1. Helen Olson needs an installment loan of $999.00. She must repay the loan in 24 months. The monthly
payment is $44.96.

User MartinWebb
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1 Answer

16 votes
16 votes

Answer:

Based on the information you provided, it seems that Helen Olson is looking to take out a loan for $999.00 and will need to make monthly payments of $44.96 in order to repay the loan within 24 months. It is important for Helen to carefully consider the terms of the loan, including the interest rate and any fees that may be associated with the loan, to ensure that she is able to make the monthly payments and repay the loan in full within the agreed-upon time frame. It may also be helpful for Helen to create a budget and plan for how she will manage her finances to make sure she has enough money each month to make the loan payments.

User Gemini
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