question archive A woman went to the beneficial Loan Company and borrowed $3000
A woman went to the beneficial Loan Company and borrowed $3000
Subject:EconomicsPrice:3.87 Bought7
A woman went to the beneficial Loan Company and borrowed $3000. She must pa $119.67 in the end of each month for the next thirty months.
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Calculate the nominal annual interest rate she is paying to within ± 0.15%.
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What effective annual interest rate is she paying
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