You are borrowing $4,000 to purchase a HD plasma TV using a 36 month installment plan. Determine the annual percentage rate (APR) using the APR formula given that the interest charge is $782.96. Round your answer to the nearest whole percent.a.0.1196%c.12%b.11.50%d.13%

Question

Revolt · Accepted Answer

C

Mortgages

You are borrowing $4,000 to purchase a HD plasma TV using a 36 month installment plan. Determine the annual percentage rate (APR) using the APR formula given that the interest charge is $782.96. Round your answer to the nearest whole percent.a.0.1196%c.12%b.11.50%d.13%

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