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 $32,000, and the monthly payments are $620. If the loan will be paid off over the next 60 months, what is the APR of the loan?
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Related Book For
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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