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Xavier'sInc. is offering a classic used car gor 3,999$.The credit terms are 48 months at 125$ per month.What is the anual rate on this offer?
Xavier'sInc. is offering a classic used car gor 3,999$.The credit terms are 48 months at 125$ per month.What is the anual rate on this offer? A. 22.19 percent B. 2.00 percent C. 1.80 percent D. 24.0 percent E. 21.54 percent Q.2 Your parents are going to give you 10,500$ in five years.When you receive it,you will invest for ten more years at 7.5 percent per year.How much you will have in fifteen years?
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Answer 1 The annual interest rate on the offer from XaviersInc is approximately 2219 Heres how we can calculate it Total Payment Multiply the monthly ...
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