Question
For the car loan described, give the following information. A car dealer will sell you a used car for $6,298 with $798 down and payments
For the car loan described, give the following information. A car dealer will sell you a used car for $6,298 with $798 down and payments of $162.51 per month for 48 months.
(a) amount to be paid
(b) amount of interest
(c) Interest rate (round your answers to two decimal places)
(d) APR (rounded to the nearest tenth of a percent
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Internal Auditing Assurance & Consulting Services
Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti
1st Edition
0894136100, 9780894136108
