What is the effective annual interest rate on the laon


If you take out an 8000 car loan that calls for 48 monthly payments of 240 cash, what is the APR on the loan? What is the effective annual interest rate on the laon?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the effective annual interest rate on the laon
Reference No:- TGS0725753

Expected delivery within 24 Hours