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The ad for a 4-door sedan claims that a monthly payment of $299 constitutes 0% financing. Explain why that is false. Find the annual interest
The ad for a 4-door sedan claims that a monthly payment of $299 constitutes 0% financing. Explain why that is false. Find the annual interest rate compounded monthly that is actually being charged for financing $17,485 with 60 monthly payments of $299 The advertisement is false, because for 0% financing, the monthly payments should be $? instead of $299
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
