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need detailed help on #8 8. You are going to get a loan from your local friendly mafia finance company on a car for $8,000

image text in transcribed need detailed help on #8
8. You are going to get a loan from your local friendly mafia finance company on a car for $8,000 for two years at 48% nominal annual interest. What are your monthly payments? You are considering investing in an athletic program at the State University The purchase price

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