Business, 04.02.2021 17:50, raytaygirl

Assume you take out a car loan of $8,000 that calls for 48 monthly payments of $240 each. a. What is the APR of the loan? b. What is the effective annual interest rate on the loan?

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Assume you take out a car loan of $8,000 that calls for 48 monthly payments of $240 each. a. What is...