An auto dealership is advertising that a new car with a sticker price of $35,208 is on

Question:

An auto dealership is advertising that a new car with a sticker price of $35,208 is on sale for $25,995 if payment is made in full, or it can be financed at 0 percent interest for 72 months with a monthly payment of $489. Note that 72 payments 3 $489 per payment 5 $35,208, which is the sticker price of the car. By allowing you to pay for the car in a series of payments (starting one month from now) rather than $25,995 now, the is effectively loaning you $25,995. If you choose the 0 percent financing option, what is the effective interest rate that the auto dealership is earning on your loan?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...