Find what is the nominal interest rate

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Problem 1: A P10,000 car loan has payments of P361.52 due at the end of each month for three years. What is the nominal interest rate? (Choices: A. 15% , B. 19% C. 18% D. 20%)

Reference no: EM132914980

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Find what is the nominal interest rate : A P10,000 car loan has payments of P361.52 due at the end of each month for three years. Find What is the nominal interest rate?
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