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Purchase price of car $6,650
Amount of trade-in value $2,000
Number of payments made in year 12
Number of payments made 36
Amount of monthly payment $198.75
True annual interest rate?

5=812a+9+3

step 1: simplify both sides of the equation.

5=812a+9+3

5=(812a)+(9+3)(combine like terms)

5=812a+12

5=812a+12

step 2: flip the equation.

812a+12=5

step 3: subtract 12 from both sides.

812a+12−12=5−12

812a=−7

step 4: divide both sides by 812.

812a /812 = -7/812

a= -1/116

so the answer is

a=   -1/116

12

step-by-step explanation:

12 + 5 = 17

12x2=24

24-7=17