What is the annual rate of interest

Reference no: EM13279107

1st bank offers you a car loan with a monthly payment of $17.00 per $1,000 borrowed. Payments are made at the end of each month. The term is 5 years. What is the annual rate of interest?

Reference no: EM13279107

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What is the annual rate of interest : 1st bank offers you a car loan with a monthly payment of $17.00 per $1,000 borrowed. Payments are made at the end of each month. The term is 5 years. What is the annual rate of interest?

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