Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
A car dealer will sell you a used car for $6,498 with $798 down and payments of $162.51 per month for 48 months. What is the simple interest rate? (Round your answer to the nearest tenth of a percent.)
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