A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $287.50.

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A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $287.50. What is the APR? (Round your answer to the nearest tenth of a percent.)

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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Posted Date: May 08, 2024 09:19 PM

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A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $287.50.

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Expert Answer:

To find the APR Annual Percentage Rate for this car loan we can use the formula APR Monthly Payment ... View the full answer

Nature Of Mathematics

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