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12 June, 00:11

John Simone is buying a used car for a total cost of $11,805.00. He's making a down payment of $1,500.00 and borrowing the remainder. If he makes monthly payments of $343.00 for three years, what APR has he paid?

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  1. 12 June, 03:40
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    1,500+343 (3*12) = 13,848

    1,500+343 (36) = 13,848

    1500+12,348 = 13,848
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