(Answered) Helen is buying a 12375 car with a 3000 down payment

Economics

Helen is buying a 12,375 car with a 3000 down payment, followed by 36 monthly payments of 325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month. What nominal interest rate is Helen paying? What effective interest rate?

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Macroeconomics, Economics

Category:- Macroeconomics
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