question archive A woman went to the Beneficial Loan Company and borrowed $10000
A woman went to the Beneficial Loan Company and borrowed $10000
Subject:EconomicsPrice:3.87 Bought7
A woman went to the Beneficial Loan Company and borrowed $10000. She must pay $323.53 at the end of each month for the next 60 months. What is the monthly interest rate she is paying? What is the effective annual interest rate she is paying?
