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( M ) You've offered to finance Joe's purchase of a $ 2 0 , 0 0 0 car. Joe offers to repay you $
M You've offered to finance Joe's purchase of a $car. Joe offers to repay you $ per month for the next months.
a Use Rate to compute the monthly interest rate he's offering. Confirm you answer by using IRR.
c What is the annual interest rate?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
