17. A $10,000 car loan has payments of $361.52 per month for three years. What is the...

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17. A $10,000 car loan has payments of $361.52 per month for three years. What is the interest rate? Assume monthly compounding and give the answer in terms of an annual rate.

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Practical Financial Management

ISBN: 9780324422634

5th Edition

Authors: William R. Lasher

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Question Posted: Oct 17, 2024 08:03 AM

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17. A $10,000 car loan has payments of $361.52 per month for three years. What is the interest rate? Assume monthly compounding and give the answer in terms of an annual rate.
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17. A $10,000 car loan has payments of $361.52 per month for three years. What is the...

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Practical Financial Management

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