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ed cheng engr 467 PROBLEM #1: 20% (10%) You borrow $ 5,000.00 and repay it back in monthly payments of $ 200.00 for three years.

ed cheng engr 467
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PROBLEM #1: 20% (10%) You borrow $ 5,000.00 and repay it back in monthly payments of $ 200.00 for three years. A) What is the APR you have been charged? B) What is the effective annual interest rate you have been charged

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