Calculating the finance charge on a loan, they borrowed 500.00

| November 9, 2018

Calculating the finance charge on a loan, they borrowed 500.00 for one year and pay $50 in interest, the bank charging 5.00 service charge, what is the financial charges on this loan?Calculate annual percentage rate, they borrowed 500.00 on January 1,2006 and paid it all back at once on December 31,…

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