A local finance company will loan 10000 to a homeowner it


A local finance company will loan $10000 to a homeowner. It is to be repaid in 24 monthly payments of $499 each. The first payment is due 30 days after the $10000 is received. What interest rate per month are they charging?

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Microeconomics: A local finance company will loan 10000 to a homeowner it
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