Posted by **wilton** on Friday, May 2, 2014 at 10:06am.

Using the formula, compute the true annual interest rate.

Loan amount = $9,500

Monthly payments = $227.50

Time of loan contract = 5 years

True annual interest rate (to the nearest tenth

- math (?) -
**PsyDAG**, Friday, May 2, 2014 at 12:47pm
What formula?

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