lanashanabJHsbd1055 lanashanabJHsbd1055
  • 17-06-2017
  • Business
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A loan for a new car costs the borrower .8% per month. what is the ear?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 17-06-2017
Hi there

The answer is
ERA=((1+0.008)^(12)−1)×100=10.03%

Good luck!
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