Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A car dealer carries out the following calculations 16. [0/1.42 Points] DETAILS PREVIOUS ANSWERS SMITHNM13 11.2.055. A car dealer carries out the following calculations. List
A car dealer carries out the following calculations
16. [0/1.42 Points] DETAILS PREVIOUS ANSWERS SMITHNM13 11.2.055. A car dealer carries out the following calculations. List price Options Destination charges Subtotal Tax Less trade-in Amount to be financed 15% interest for 48 months Total MONTHLY PAYMENT $ 5,368.00 $ 1,625.00 $ 200.00 $ 7,193.00 $ 431.58 $ 2,932.00 $ 4,692.58 $ 2,815.55 $ 7,508.13 $ 156.42 : What.js.the.ennual percentage rate? (Round your answer to one decimal place.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started