Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for $3,600 at 8% add-on interest for 3 years.

answer: no

step-by-step explanation:

you are only given the cost not the amount of pounds.

step-by-step explanation:

abc

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%