A person buys a piece of property for 3000 the payment
A person buys a piece of property for $ 3,000. The payment scheme calls for a $ 1,000 down payment now and $ 99.80 monthly payments for 24 months. What are the monthly effective rate, nominal rate, and effective interest rate?
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a person buys a piece of property for 3000 the payment scheme calls for a 1000 down payment now and 9980 monthly
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