Answered step by step
Verified Expert Solution
Question
1 Approved Answer
am i correct on this? You decide to take out a loan for a used vehicle. You work directly with the dealer, and they offer
am i correct on this?
You decide to take out a loan for a used vehicle. You work directly with the dealer, and they offer you a 36 month with an APR of 4.74%. What is the interest rate that will be used each month to determine how much of your payment goes to principal and how much goes to interest? 56.88% 0.474% O 4.74% 0.395% 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