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Business, 13.06.2020 17:57 danny1687

A finance company offers a "9% plan". The cost of a one-year loan is 9%, and this cost is added to the loan. This total is then divided by 12 to get the monthly payments. Calculate the effective interest rate being charged for a loan of $8,000.

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A finance company offers a "9% plan". The cost of a one-year loan is 9%, and this cost is added to t...
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