A $48,000 loan is taken out on a boat with the terms 6% APR for...
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A $48,000 loan is taken out on a boat with the terms 6% APR for 36 months. How much are the monthly payments on this loan? O A. $1,752.30 OB. $1,460.25 O C. $1,898.33 OD. $1,606.28 ch 1 di What is the real interest rate given a nominal rate of 8% and an inflation rate of 4.1%? O A. 5.2% OB. 6% O c. 4.5% OD 3.7% b A bank offers a loan that will requires you to pay 12% interest compounded monthly. Which of the following is dosest to the EAR charged by the bank? O A 15.22% OB 25.36% OC 12.68% OD 10.14%
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