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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690 Exercise 2
You are going to buy a new car worth $24,500. The dealer computes your monthly payment to be $514.55 for 60 months of financing. What is the dealer's effective rate of return on this loan transaction?
Explanation
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It is given that the amount of car that ...
Contemporary Engineering Economics 6th Edition by Chan Park
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