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write answers on top and paste in text, not just excel photo. Also show formula text after the answer. 3. Assume you take out a

write answers on top and paste in text, not just excel photo. Also show formula text after the answer.

3. Assume you take out a car loan of $16,000 that calls for 48 monthly payments of $480 each. a. What is the APR of the loan? b. What is the effective annual interest rate on the loan?

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