Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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a.
A car dealer offers payments of $499 per month for 72 months on a $39,000 purchase of
a car, but you put down a $3,000 downpayment. What is the loan's APR?
11.98%
b. 6.58%
C. 9.00%
d. 7.84%
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Transcribed Image Text:a. A car dealer offers payments of $499 per month for 72 months on a $39,000 purchase of a car, but you put down a $3,000 downpayment. What is the loan's APR? 11.98% b. 6.58% C. 9.00% d. 7.84%
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