What is the effective interest rate per month

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James hogan is purchasing a $25,000 automobile, which is to be paid for in 48 monthly installments of $563.44. what is the effective interest rate per month for this financing arrangement?

Reference no: EM13296793

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What is the effective interest rate per month : James hogan is purchasing a $25,000 automobile, which is to be paid for in 48 monthly installments of $563.44. what is the effective interest rate per month for this financing arrangement?

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