Question Eddy purchased a club membership costing $2530. He made a down payment of $530 and financed the balance with an installment loan for 48 months.

home / study / questions and answers / business / finance / eddy purchased a club membership costing Show more home / study / questions and answers / business / finance / eddy purchased a club membership costing $2530. Question Eddy purchased a club membership costing $2530. He made a down payment of $530 and financed the balance with an installment loan for 48 months. If the payments are $59.27 each month use Table 13-1 from your text to find the APR. I dont mind doing the work I just need someone explain the steps to me. My book is leaving out a step. Show less

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