20. Susan's car loan payments are $265.08 at the end of each month for four years. The amount she borrowed was $12,000.

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20. Susan's car loan payments are $265.08 at the end of each month for four years. The amount she borrowed was $12,000.

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20 Susan S Car Loan Payments Are 265 08 At The End Of Each Month For Four Years The Amount She Borrowed Was 12 000 1
20 Susan S Car Loan Payments Are 265 08 At The End Of Each Month For Four Years The Amount She Borrowed Was 12 000 1 (10.05 KiB) Viewed 48 times
20. Susan's car loan payments are $265.08 at the end of each month for four years. The amount she borrowed was $12,000. What is the monthly compounded nominal interest rate? (3 marks)
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