- 1 POINTS CRAUDOL3 4.2.028A MY NOTES | ASK YOUR TEACHER APR, as indicated in When interest rates are low, some automobile dealers offer loans at back deals on some models 2016 advertisement by a prominent car dealership, offering percent financing or cash Zero percent financing means the obvious thing that no interests being charged on the loan. So if we borrow $1,200 at will be $1.200/125100 interest and pay it off over 12 months, our monthly payment Suppose you are buying a new truck at a price of $25,000. You plan to finance your purchase with a loan you will repay over two years. The dealer offers two options the deser financing with interest, or a $2.500 rebate on the purchase price. If you take the rebate, you will have to go to the local bank for a loan (of 522 500) at an APR of 6.5% What would your monthly payment be if you used dealer financing? (Round your answer to the nearest cent.) -/1 POINTS CRAUDQL3 4.2.028A. MY NOTES ASK YOUR 1 When interest rates are low, some automobile dealers offer loans at 0% APR, as indicated in a 2016 advertisement by a prominent car dealership, offering zero percent financing back deals on some models Zero percent financing means the obvious thing that no interest is being charged on the loan. So if we borrow $1,200 at 0% interest and pay it off over 12 months, our monthly will be $1,200/12 = $100. Suppose you are buying a new truck at a price of $25,000. You plan to finance your purchase th a loan you will repay over two years. The dealer offers two options: either deale financing with 0% interest, or a $2,500 rebate on the purchase price. If you take the rebate, you will have to go to the local bank for a loan (of $22.500) at an APR of 6.5% What would your monthly payment be if you used dealer financing? (Round your answer to the nearest cent) ellock