You are taking out a loan of $8,800. The loan term is 7 years and payments...
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You are taking out a loan of $8,800. The loan term is 7 years and payments are made monthly. I can pay $152.50 per month, of which 2.5% is tax. What would the interest rate (monthly) be for this loan? NB: Use xx.xxxx (four decimals) format to anser the question. You are taking out a loan of $8,800. The loan term is 7 years and payments are made monthly. I can pay $152.50 per month, of which 2.5% is tax. What would the interest rate (monthly) be for this loan? NB: Use xx.xxxx (four decimals) format to anser the question.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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