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Assume you take out an $7,000 car loan that calls for 72 monthly payments of $140 each: a. What is the APR of the loan?
Assume you take out an $7,000 car loan that calls for 72 monthly payments of $140 each: a. What is the APR of the loan? (Do not round intermediate calculations. Round your answer to 3 decimal places.) b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Housing Policy And Finance
Authors: John Black, David Stafford
1st Edition
0415004195, 978-0415004190
