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Business, 26.09.2019 20:30 daniel1480

Ms. smith borrowed $2,000 at an 8% stated rate of interest and was to pay back the loan in 24 monthly payments. what is her effective rate of interest using the installment loan formula?

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Ms. smith borrowed $2,000 at an 8% stated rate of interest and was to pay back the loan in 24 monthl...
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