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URGENT!! PLEASE HELP!!!! 3.34 pts D Question 22 Buzz and Woody want to buy a truck, and a local bank will lend them $30,000. The
URGENT!! PLEASE HELP!!!!
3.34 pts D Question 22 Buzz and Woody want to buy a truck, and a local bank will lend them $30,000. The loan would be fully amortized over 5 years (60 months) and the nominal interest rate would be 8.5%, with interest paid monthly. What would be the loan's effective Interest rate? 0.14% 8,84% 0.71% 8.19% Question 72 Step by Step Solution
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