You have arranged for a loan on your new car that will require the first payment today.
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You have arranged for a loan on your new car that will require the first payment today. The loan is for $28,500, and the monthly payments are $525. If the loan will be paid off over the next 60 months, what is the APR of the loan?
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The time line is Here we are given the PVA for an annuity due number of per...View the full answer
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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