Determin the annual rate for a car loan from a bank

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Reference no: EM13195102

determin the annual rate for a car loan from a bank.reduce this rate by 1%.this is r

decide the time'in years you wish to repay the loan 3-7 years(this is t)

determine the intrest on your loan using the formula

o intrest=sale price*rate*time,(i=prt

Reference no: EM13195102

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