A car loan is taken for $20,000 to be paid back in 6 years, with monthly...
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A car loan is taken for $20,000 to be paid back in 6 years, with monthly payments of $304. What nominal annual interest rate is being charged in this loan? 13.13% 3.07% 3.00% 1.09% A car loan is taken for $20,000 to be paid back in 6 years, with monthly payments of $304. What nominal annual interest rate is being charged in this loan? 13.13% 3.07% 3.00% 1.09%
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