Question: Hide 7 --12 Question 9 View Policies Current Attempt in Progress Robert is in the process of purchasing a car. The list price of the

 Hide 7 --12 Question 9 View Policies Current Attempt in Progress

Hide 7 --12 Question 9 View Policies Current Attempt in Progress Robert is in the process of purchasing a car. The list price of the car is $33000. If Robert pays cash for the car, the dealer will reduce the price by 10%. Otherwise, the dealer will provide financing where Robert must pay $7257 at the end of each of the next five years. Compute the effective interest rate to the nearest percent that Robert would pay if he chooses to make the five annual payments? ed Wed 8%. 9% 6%. 7% Wod id ed Save for Later Clitor Wed 10 rated Attempts: 0 of 1 used Priser

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