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If you take out an $49,000 car loan that calls for 36 monthly payments starting after 1 month at an APR of 11.50%, what is
| If you take out an $49,000 car loan that calls for 36 monthly payments starting after 1 month at an APR of 11.50%, what is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Monthly payment | $ |
| b. | What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Effective annual interest rate | % |
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The Social Media Handbook For Financial Advisors
Authors: Matthew Halloran
1st Edition
1118208013, 978-1118208014
