Problemyou have arranged for a loan on your new car that, Ask an Expert

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Problem:

You have arranged for a loan on your new car that will require the first payment today. The loan is for $32,000, and the monthly payments are $620. If the loan will be paid off over the next 60 months,

Required:

Question 1: What is the APR of the loan? Please provide all computations.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146196

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