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 ->  Finance -> 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      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
Do you really need to take up so much space?