What effective annual interest rate is she paying

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A woman went to the Bene?cial Loan Company and borrowed $9000. She must pay $350 at the end of each month for the next 30 months. What is the monthly interest rate she is paying? What effective annual interest rate is she paying?

Please show how to solve using Formulas (no Calculator or Excel Method)

Reference no: EM131097340

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What effective annual interest rate is she paying : A woman went to the Bene?cial Loan Company and borrowed $9000. She must pay $350 at the end of each month for the next 30 months. What is the monthly interest rate she is paying? What effective annual interest rate is she paying?

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