Question
You want to buy a new sports coupe for $52,896, and the finance office at the dealership has quoted you a 7.6 percent APR loan
You want to buy a new sports coupe for $52,896, and the finance office at the dealership has quoted you a 7.6 percent APR loan for 54 months to buy the car. What is the effective annual rate on this loan?
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
