Mathematics
VerdaJunod
2016-04-12 18:39:51
Buying a new car for 32998.00 putting down 4200.00 for down payment and making 525.00 monthly payments for five years what apr has been paid
ANSWERS
macyrae
2016-04-12 22:54:46

Amount financed 32,998−4,200=28,798 Total paid 525×60 months=31,500 Total interest 31,500−28,798=2,702 APR (2×12×2,702)÷(28,798×61) =0.037×100=3.7%....answer

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