Business, 24.03.2020 20:08, bateman

Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $222.44 per month for 60 months. What is the annual interest rate? (hint: after calculating monthly rate, multiply the monthly rate by 12.)

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Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $222.44 per month for 60...