What is the effective interest rate for the loan

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Question: A car dealer is offering a $1500 rebate or financing at 2% APR over 36 months. The price of the car is $17,000. A minimum down payment of 20% is required. What is the effective interest rate for the loan? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132162723

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