A local finance company will loan $10,000 to a homeowner. It is to be repaid in 24

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A local finance company will loan $10,000 to a homeowner. It is to be repaid in 24 monthly payments of $499 each. The first payment is due 30 days after the $10,000 is received. What interest rate per month are they charging?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 06:54 AM

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A local finance company will loan $10,000 to a homeowner. It is to be repaid in 24

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Engineering Economic Analysis

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