Look at this ad for a new car. Explain why the APR is higher than the interest
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Question:
Look at this ad for a new car. Explain why the APR is higher than the interest rate. When is the APR more useful than the interest rate?
Drive Away with 4.95% APR
this offer is based on a new purchase with 60- month loan term at 4.4%.
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
Posted Date: