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A $30,000 car loan has payments of $550 per month for five years. What is the interest rate? Assume monthly compounding and give the answer
- A $30,000 car loan has payments of $550 per month for five years. What is the interest rate?
Assume monthly compounding and give the answer in terms of an annual rate.
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
