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A B D E F G H J K L M . Loan principal Monthly repayment Number of months Monthly interest rate You are financing

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A B D E F G H J K L M . Loan principal Monthly repayment Number of months Monthly interest rate You are financing Joe's new $20,000 car. Joe promised to pay you $500 per month for the next 4 years. Use RATE function to compute the monthly interest rate he is offering. Confirm your answer by using IRR function. What is the annual interest rate? Annual interest rate

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