You wish to borrow $2,000 to be repaid in 12 monthly installments of $189.12. The annual interest rate is: Finance You wish to borrow $2,000 to be repaid in 12 monthly installments of $189.12. The annual interest rate is: a. 24%. b. 8%. c. 18%. d. 12%. Share this Share on FacebookTweet on TwitterPlus on Google+