If you take out an $8,000 car loan that calls for 48 monthly payments at an PR

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If you take out an $8,000 car loan that calls for 48 monthly payments at an PR of 10 percent, what is your monthly payment? What is the effective annual interest rate on the loan?

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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

Question Posted: May 06, 2013 05:55 AM

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If you take out an $8,000 car loan that calls for 48 monthly payments at an PR

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Fundamentals of Corporate Finance

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