Calculator Problem – 06/04/2012

(See calculator problems 04/23/2012 & 05/07/2012).  If the 4.25% loan cost $300 in miscellaneous fees plus one point for origination fee, what would be the APR?

(The answer will be posted with the new calculator problem in 2 weeks. Or if you can’t wait that long, you can go to http://www.facebook.com/pages/Gary-Johnston-Seminars/111368472221424 for the answer.)

Answer to 05/21/2012 problem:

Solve today’s problem.