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Jenny bought a new car for $30,000. The loan contract asked her to pay $880 per month for 36 months. What is the APR of
Jenny bought a new car for $30,000. The loan contract asked her to pay $880 per month for 36 months. What is the APR of the auto loan?
| 0.30% | ||
| 3.57% | ||
| 2.93% | ||
| 3.37% |
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
