You have just borrowed 20000 to buy a new car the loan, Finance Basics

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You have just borrowed 20000 to buy a new car the loan

Question: You have just borrowed $20,000 to buy a new car. The loan agreement calls (or Ml monthly payments of $444.89 each to begin one month from today. What is the annual interest rate you are paying? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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