Bmw is offering a 1-series for 18588 this can be financed


BMW is offering a 1-Series for $18,588. This can be financed with a down payment of $2,008.80 and $249 per month for 72 months. What are the monthly, nominal, and effective interest rates for this purchase?

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Financial Management: Bmw is offering a 1-series for 18588 this can be financed
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