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Calculating annuities due interest rates you have arranged

Question: Calculating Annuities Due Interest Rates. You have arranged for a loan on your new car that will require the first payment today. The loan is for $24,500, and the monthly payments are $465. If the loan will be paid off over the next 60 months, what is the APR of the loan?

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Finance Basics: Calculating annuities due interest rates you have arranged

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