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Rickos Rickos
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8 years ago
You wish to borrow $12,000 to be repaid in 60 monthly installments of $257.93. The annual interest rate is
A) 10.50%.
B) 12.75%.
C) 15.25%.
D) 6.50%.
E) 8.80%.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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7 years ago
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