Moulton Motors is advertising the following deal on a used Honda Accord: "Monthly Payments of $245.00 for the next 48 months and this beauty can be yours!" The sticker price of the car is $9,845.00. If you bought the car, what interest rate would you be paying in EAR terms? 9.38% 9.23% 7.75% 8.75% 09.09% Question 11 (1 point) Listen Using the information from the previous problem, what is the remaining balance at the end of the second year? 8,623.72 9,327.23

Moulton Motors is advertising the following deal on a used Honda Accord: "Monthly Payments of $245.00 for the next 48 months and this beauty can be yours!" The sticker price of the car is $9,845.00. If you bought the car, what interest rate would you be paying in EAR terms? 9.38% 9.23% 7.75% 8.75% 9.09% Question 11 (1 point) Using the information from the previous problem, what is the remaining balance at the end of the second year? 8,623.72 9,327.23