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Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427 Exercise 8
You are purchasing a $16,000 used automobile, which is to be paid for in 36 monthly installments of $517.78. What nominal interest rate are you paying on this financing arrangement?
Explanation
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Given information:
• Borrowed amount is...
Fundamentals of Engineering Economics 3rd Edition by Chan Park
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