What is the apr of the loan what is the effective annual
Assume you take out a car loan of $8,000 that calls for 48 monthly payments of $240 each.
a. What is the APR of the loan?
b. What is the effective annual interest rate on the loan?
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assume you take out a car loan of 8000 that calls for 48 monthly payments of 240 eacha what is the apr of the loanb
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