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Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 month ago

Accounting question?

u borrow 12000. they require you to make payments of 400 at end of each month for 6 yrs to pay off this loan. What annual percentage rate compounded monthly are they charging on this loan? 

Answer is 34.9 percent.

How to get this?

1 Answer

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  • Anonymous
    1 month ago

    move to homework help. damn cheater.

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