You wish to borrow $2,000 to be repaid in 12 monthly installments of $189.12. The annual...

You wish to borrow $2,000 to be repaid in 12 monthly installments of $189.12. The annual interest rate is?

Please convert your answer into decimals and round to the second decimal: such as 0.00

Please show work.

Expert Solution

jeff jeffy answered 1 year ago

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