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You are going to buy a new car worth $14,500. The dealer computes your monthly payment to be $267 for 72 months' financing. What is
You are going to buy a new car worth $14,500. The dealer computes your monthly payment to be $267 for 72 months' financing. What is the dealer's rate of return on this loan transaction? Question 15 options: 11.33% 9.33% 10.67% 10.23% 9.77%
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