Mathematics, 26.02.2020 23:19 taylorbean315

Using the formula, compute the true annual interest rate.

Loan amount = $9,500

Monthly payments = $227.50

Time of loan contract = 5 years

True annual interest rate (to the nearest tenth) = .

17.2
12.0
8.4
19.2

Answers: 1

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Using the formula, compute the true annual interest rate.

Loan amount = $9,500