Ursula wants to buy a state of the camera equipment to take pictures for her social media account. The equipment costs $19,000. She is planning to use her savings of $2,000 as down payment and get a loan for the rest. She is offered a loan for 6 years with monthly payments of $270. If she takes the loan, what will be the APR of this loan to her? N = ↑ 72 I/Y= PV = 17000 PMT = 270 FV = 4 A
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