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| rev | Admin | (Created page with "Mat takes out a loan for a car for $35,000. He must make 16 annual payments of $4,000. For the first 7 years the interest rate is 8%, what is the annual effective interest rate for the last 9 years? <ul class="mw-excansopts"><li>.115</li><li>.242</li><li>.082</li><li>.087</li><li>.468</li></ul> {{cite web |url=https://digitalcommons.calpoly.edu/cgi/viewcontent.cgi?article=1008&context=statsp |last=Hardiek |first=Aaron |date=June 2010 |website=digitalcommons.calpoly.ed...") | Nov 22'23 at 0:16 | +559 |