Question
Assume you can buy a new car, currently selling for $27,000 by putting $3,000 down and making payments of $500 per month for 60 months.
Assume you can buy a new car, currently selling for $27,000 by putting $3,000 down and making payments of $500 per month for 60 months. What is the annual rate of interest you would be paying?
.1734
9.168%
.764%
None of the answers are correct
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
