Rate of return on this loan transaction

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Reference no: EM131021255

You are going to buy a new car worth $14,500. The dealer computes your monthly payment to be $267 for 72 months' financing. What is the dealer's rate of return on this loan transaction?

Reference no: EM131021255

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Rate of return on this loan transaction : You are going to buy a new car worth $14,500. The dealer computes your monthly payment to be $267 for 72 months' financing. What is the dealer's rate of return on this loan transaction?

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