Question
assume that you are going to buy a new car worth $32,000 you will be able to make a down payment of $7,500 pesos. The
assume that you are going to buy a new car worth $32,000 you will be able to make a down payment of $7,500 pesos. The remaining $24,500 will be financed by the dealer
the dealer computes your monthly payment to be $514.55 for 60 months financing. What is the dealers rate to return on this loan transaction?
Step by Step Solution
3.31 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
Heres how to calculate the dealers approximate annual percentage rate APR on the loan 1 Calculate ...
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
College Algebra With Modeling And Visualization
Authors: Gary Rockswold
6th Edition
0134418042, 978-0134418049
