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You have just purchased a car and, to fund the purchase, you borrowed $22,500. If your monthly payments are $430.82 for the next 5 years,
You have just purchased a car and, to fund the purchase, you borrowed $22,500. If your monthly payments are $430.82 for the next 5 years, what is the APR of the loan?
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4.81%
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5.60%
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5.17%
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5.77%
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6.40%
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
