What is the apr of the loan what is the effective annual
Assume you take out a car loan of $7,800 that calls for 60 monthly payments of $220 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 7800 that calls for 60 monthly payments of 220 eacha what is the apr of the loanb
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