Tesla automobiles are projected to lose significant amount of value in the secondhand market due to an anticipated decline in the price of gasoline at the pumps. Quentin Argentina has her eye set on a 2020 Model S that still gets pretty good milage from its original battery. If the car costs $38,676 and she can finance the loan for five years with $750 monthly payments. What is the APR on Quentin's loan?

Answer rating: 100% (QA)

To calculate the APR Annual Percentage Rate on Quentins loan we c... View the full answer