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Posted on Sep 20, 2024

You want to buy a 2 0 2 0 Ferrari Pista Spider. You ve found one at a dealer near you for $ 7 1

You want to buy a

2020

Ferrari Pista Spider. You

ve found one at a dealer near you for $

714, 500 .

You have $

70, 000

for a down payment. The dealer says he

ll sell you the car if you give him the $

70, 000

now and pay him $

800, 000

in three years. What is the interest rate on this loan?

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