For each of the car loans described in Problems 51-54, give the following information. a. Amount to
Question:
For each of the car loans described in Problems 51-54, give the following information.
a. Amount to be paid
b. Amount of interest
c. Interest rate
d. APR (rounded to the nearest tenth of a percent)
A newspaper advertisement offers a \(\$ 9,000\) car for nothing down and 36 easy monthly payments of \(\$ 317.50\).
a. \(\$ 11,430 ;\)
b. \(\$ 2,430 ; c .9 \% ;\)
d. \(17.5 \%\)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: