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Home / Questions / Stan Slickum has a used car that can be bought for ​$9000 cash or for a ​$1 500 down

Stan Slickum has a used car that can be bought for ​$9000 cash or for a ​$1 500 down

Stan Slickum has a used car that can be bought for ​$9,000 cash or for a ​$1, 500 down payment and ​$800 per month for 12 months. What is the effective annual interest rate on the monthly payment​plan?

Jan 31 2020 View more View Less

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