A car dealer carries out the following calculations: What is the annual percentage rate? List price Options
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A car dealer carries out the following calculations:
What is the annual percentage rate?
Transcribed Image Text:
List price Options Destination charges Subtotal Tax Less trade-in Amount to be financed 5% interest for 48 months Total MONTHLY PAYMENT $15,428.00 $ 3,625.00 $ 350.00 $19,403.00 $1,164.18 $ 7,950.00 $12,617.18 $ 2,523.44 $15,140.62 $315.43
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