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Loan amount = $10,000
Monthly payments = $258.50
Time of loan contract = 5 years
True annual interest rate?
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Loan amount = $9,500
Monthly payments = $227.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth)
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Loan amount = $10,000
Monthly payments = $258.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth)
2 answers
Loan amount = $10,000
Monthly payments = $258.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth)
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Using the formula, compute the true annual interest rate.
Loan amount = $9,500 Monthly payments = $227.50 Time of loan contract =
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