You have just purchased a car and, to fund the purchase, you borrowed $21,500. If your monthly

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You have just purchased a car and, to fund the purchase, you borrowed $21,500. If your monthly payments are $330.16 for the next 7 years, what is the APR of the loan?

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Corporate Finance

ISBN: 978-0133097894

3rd edition

Authors: Jonathan Berk and Peter DeMarzo

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Posted Date: May 21, 2022 02:05 AM

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You have just purchased a car and, to fund the purchase, you borrowed $21,500. If your monthly

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Answer APR 7536 Amount borrowed 21500 Monthly payment 33016 ... View the full answer

Corporate Finance

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