A car dealer carries out the following calculations.
List price $ 5,368.00
Options $ 1,625.00...
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Mathematics, 23.06.2021 08:00 zayy8595
A car dealer carries out the following calculations.
List price $ 5,368.00
Options $ 1,625.00
Destination charges $ 200.00
Subtotal $ 7,193.00
Tax $ 431.58
Less trade-in $ 2,932.00
Amount to be financed $ 4,692.58
14% interest; 48 months $ 2,627.84
MONTHLY PAYMENT $ 152.51
What is the annual percentage rate? (Round your answer to the nearest tenth of a percent.)
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Answers: 3
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