A woman went to the Beneficial Loan Company andborrowed
Chapter , Problem 7-11(choose chapter or problem)
A woman went to the Beneficial Loan Company andborrowed $3000. She must pay $119.67 at the end ofeach month for the next 30 months.(a)Calculate the nominal annual interest rate she ispaying to within0.15%.(b)What effective annual interest rate is she paying?
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