Effective annual interest rate helen is paying is most near

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Helen is buying a $15,000 car with a $3000 down payment, followed by 36 monthly payments of $399 each. The down payment is paid immediately, and the monthly payments are due at the end of each month. The effective annual interest rate Helen is paying is most nearly?

Reference no: EM13159356

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Effective annual interest rate helen is paying is most near : The down payment is paid immediately, and the monthly payments are due at the end of each month. The effective annual interest rate Helen is paying is most nearly?

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