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Assume you take out an $7,400 car loan that calls for 60 monthly-(Answered)

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Question

Assume?you take out an $7,400?car loan?that calls for 60 monthly payments of $180 each:


a.

What is the APR % of?the loan?





b.

What is the effective annual interest rate on the?loan?


??Annual interest rate ?%??


 

Paper#9256202 | Written in 27-Jul-2016

Price : $16
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