Question
A 48-month car loan of $12,000 can ho completely paid off with monthly payments of $300 made at the end of each month. What is
A 48-month car loan of $12,000 can ho completely paid off with monthly payments of $300 made at the end of each month. What is the nominal rate of interest convertible monthly on this Ioan?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
