Helen is buying a $12,375 car with a $3000 downpayment,
Chapter , Problem 7-5(choose chapter or problem)
Helen is buying a $12,375 car with a $3000 downpayment, followed by 36 monthly payments of $325each.The down paymentis paid immediately, and themonthly payments are due at the end of each month.What nominal annual interest rate is Helen pay-ing? What effective interest rate?
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