Question: Show work and answer correctly for thumbs up! Set this up carefully. You found a 2009 Toyota 4-Runner on sale for $22,311. The dealership says

Show work and answer correctly for thumbs up! Set this up

Show work and answer correctly for thumbs up!

Set this up carefully. You found a 2009 Toyota 4-Runner on sale for $22,311. The dealership says it will finance the entire amount with a one year loan. You will need to make monthly payments of $1,924. What is the ANNUALIZED interest rate on this loan. 8.6% .97% 53% 6.37%

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