Question
13. You want to buy a new sports coupe for $96,892, and the finance office at the dealership has quoted you a 7.5percent APR loan
13. You want to buy a new sports coupe for $96,892, and the finance office at the dealership has quoted you a 7.5percent APR loan for 64months to buy the car.What is the effective annual rate on this loan? (round 2 decimal places)
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
