What is the effective annual rate on this loan

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Reference no: EM131047226

You want to buy a new sports coupe for $75,200, and the finance office at the dealership has quoted you a loan with an APR of 7.6 percent for 48 months to buy the car.

What is the effective annual rate on this loan?

Reference no: EM131047226

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What is the effective annual rate on this loan : You want to buy a new sports coupe for $75,200, and the finance office at the dealership has quoted you a loan with an APR of 7.6 percent for 48 months to buy the car. What is the effective annual rate on this loan?

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