# What is the APR for a loan where the cash price of the item is $1300, they require a down payment of $150.....?

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What is the APR on a loan in which the spot price of the item is $ 1300, which require a down payment of $ 150, and you make 24 payments of $ 62?

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Question:**What is the APR for a loan where the cash price of the item is $1300, they require a down payment of $150.....?**