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If you take out an $8,000 car loan that calls for 48 monthly payments starting after 1 month at an APR of 10%, what is
If you take out an $8,000 car loan that calls for 48 monthly payments starting after 1 month at an APR of 10%, what is your monthly payment? What is the effective annual interest rate on the loan?
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
