Your cousin has just bought a used car for 6000he is to pay


Your cousin has just bought a used car for $6000.He is to pay for it as follows.A $2,000 down payment and 24 end of month payments of $177.28.What nominal annual interest rate is being paid?What is the actual interest rate?

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Macroeconomics: Your cousin has just bought a used car for 6000he is to pay
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