Question
You want to buy a new sports coupe for $97577, and the finance office at the dealership has quoted you a 6 percent APR loan
You want to buy a new sports coupe for $97577, and the finance office at the dealership has quoted you a 6 percent APR loan for 37 months to buy the car. What is the effective annual rate on this loan? (answer as a percentage and round answer to 2 decimal places)
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
