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?
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List price Options Destination charges Subtotal Tax Less trade-in Amount to be financed 8% interest for 48 months Total MONTHLY PAYMENT $5,368.00 $1,625.00 $ 200.00 $7,193.00 $431.58 $2,932.00 $4,692.58 $1,501.63 $6,194.21 $ 129.05
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