SOLUTION: A car dealer carries out the following calculations. What is the annual percentage rate? (Round your answer to the nearest tenth.)
List price
$
5,368.00
Opti
Algebra.Com
Question 607359: A car dealer carries out the following calculations. What is the annual percentage rate? (Round your answer to the nearest tenth.)
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
8% interest for 48 months
$
1,501.63
MONTHLY PAYMENT
$
129.05
%
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Do you really need to take up so much space?
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