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Assumeyou take out an $7,400car loanthat calls for 60 monthly payments of $180 each: a. What is the APR % ofthe loan? b. What is
Assumeyou take out an $7,400car loanthat calls for 60 monthly payments of $180 each: |
a. | What is the APR % ofthe loan? |
b. | What is the effective annual interest rate on theloan? |
Annual interest rate | % |
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