Find the APR (True Annual Interest Rate), to the Nearest $= \$ 2300$

question 156

Multiple Choice

Find the APR (true annual interest rate) , to the nearest half percent, for the following loan.
-Amount Financed $= \$ 2300$
Finance Charge $= \$ 260$
Number of Monthly Payments $= 24$

• A) \(11 \%\)
• B) \(10.5 \%\)
• C) \(11.5 \%\)
• D) \(10 \%\)

---

Definitions:

Proteins

Large biomolecules consisting of one or more long chains of amino acid residues, crucial for the structure, function, and regulation of the body's tissues and organs.

Fibrinogen

A soluble plasma glycoprotein that is converted to fibrin in the blood clotting process, playing a key role in wound healing.

Fibrin

A protein involved in blood clotting, formed from fibrinogen through the action of the enzyme thrombin.

Systemic Circulation

The part of the cardiovascular system that carries oxygenated blood away from the heart to the body, and returns deoxygenated blood back to the heart.