What interest rate per month are they charging

Reference no: EM132144300

Question: A local finance company will loan $8,000 to a home-owner. It is to be repaid in 24 monthly payment of $498 each. The first payment is due 30 days after the $8,000 is received. What interest rate per month are they charging? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132144300

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