Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You have just signed for a car loan with 48 monthly payments of $500 (principal and interest) at an annual interest rate (APR) of 15%. Total interest cost (paid over the life of the loan) is approximately __________ percent of the loan.
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