First America Bank s monthly payment charge on a 48 month 20 000 loan is 538 26 The U S Bank s monthly payment fee is 547 70 for

Question

First America Bank s monthly payment charge on a 48 month 20 000 loan is 538 26 The U S Bank s monthly payment fee is 547 70 for the same loan amount What would be the APR for an auto loan for each of these banks Use Table 14 1 Note Round your final answers to the nearest hundredth percent APR First America Bank between and U S Bank between and

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