Business, 12.01.2021 17:30 mtropical6753

Dave borrowed $760 on January 1, 2019, and paid it all back at once on December 31, 2019. The bank charged him a $10.00 service charge and interest was $45.10. Required:
a. What was the APR?
b. Dave borrowed $1,280 on January 1, 2006, and paid it all back at once on December 31, 2006. The bank charged him a $6.50 service charge and interest was $44.70. What was the APR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
c. Dave borrowed $500 for one year and paid $50 in interest. The bank charged him a $5 service charge. What is the finance charge on this loan?
d. Dave borrowed $500 on January 1, 2006. The bank charged him a $5 service charge and interest was $50. If Dave paid the $500 in 12 equal monthly payments, what was the APR?

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Dave borrowed $760 on January 1, 2019, and paid it all back at once on December 31, 2019. The bank c...

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