What is the apr and effective annual interest rate on loan

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If you take out an $8,000 car loan that calls for 48 monthly payments of $240 each, what is the APR and effective annual interest rate on the loan?

Reference no: EM13301441

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What is the apr and effective annual interest rate on loan : If you take out an $8,000 car loan that calls for 48 monthly payments of $240 each, what is the APR and effective annual interest rate on the loan?
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