Car Loans. (Hint: P/Y12) What is the interest rate on a loan of
a. $8000 with a payment of 191.57 per month for 4 years?
b. $16000 with a payment of 421.34 per month for 4 years?
c. $24000 with a payment of 509.93 per month for 5 years?
d. $32000 with a payment of 603.88 per month for 5 years?
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a. $8000 with a payment of 191.57 per month for 4 years?
b. $16000 with a payment of 421.34 per month for 4 years?
c. $24000 with a payment of 509.93 per month for 5 years?
d. $32000 with a payment of 603.88 per month for 5 years?
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