What is the interest rate
Response to the following problem:
A $10,000 car loan has payments of $361.52 per month for 3 years. What is the interest rate? Assume monthly compounding and five the answer n terms of an annual rate.
Provide step by step calculations.
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A $10,000 car loan has payments of $361.52 per month for 3 years. What is the interest rate?
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Expenses result from using up assests in the process of generating revenue?
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