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What effective interest rate

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Question: Helen is buying a $12,375 car with a $3000 down payment, followed by 36 monthly payments of $325 each. The down paymentis paid immediately, and the monthly payments are due at the end of each month. What nominal annual interest rate is Helen paying? What effective interest rate? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132160926

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