Business, 09.07.2019 03:20 lIechonoxIl

The ez credit company offers to loan a college student $6,000 for school expenses. repayment of the loan will be in monthly installments of $304.07 for 24 months. the total repayment of money is $7,297.68, which includes the original $6,000, $1,207.04 in interest charges, and $90.64 for a requires life insurance policy covering the amount of the loan. assume monthly compounding of interest. what nominal interest rate is being charged on this loan? (hint: represent your answer as a percentage value (not a decimal value), but skip % sign)

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The ez credit company offers to loan a college student $6,000 for school expenses. repayment of the...

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