lanashanabJHsbd1055 lanashanabJHsbd1055

17-06-2017
Business

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A loan for a new car costs the borrower .8% per month. what is the ear?

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Aliwohaish12 Aliwohaish12

17-06-2017

Hi there

The answer is
ERA=((1+0.008)^(12)−1)×100=10.03%

Good luck!

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