You are going to buy a new car worth $25,800. the dealer computes your monthly payment to be $509.55 for 60 months of financing. what is the dealer's effective rate of return on this loan transaction? the dealer's effective rate of return is 1 1%. (round to one decimal place.)

  6.9%

Step-by-step explanation:

Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.

My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.

answer: the distance

step-by-step explanation:

to calculate the distance d of a line segment with endpoints (x1, y1) and (x2, y2) use the formula d (x2 x1)2 (y2 y1)2. to calculate the midpoint of a line segment with endpoints (x1, y1) and (x2, y2) use the formula

step-by-step explanation:

a child is 12 years old, and his father is 32 years older. in how many years will the age of the father be 2 times the age of the child?

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this needs to be the answer format, or else your answer is incomplete.

if the number of years is x, then the equation is

in __ years