[Solved] A car loan is taken for $ 1 4 , 0 0 0 to

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A car loan is taken for $ 1 4 , 0 0 0 to be paid back in 7 years, with monthly payments of $

A car loan is taken for $

14, 000

to be paid back in

7

years, with monthly payments of $

519 .

What nominal annual interest rate is being charged in this loan?Group of answer choices

42.00 % 33.76 % 3.11 % 3.50 %

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