A new car dealer advertises financing at 0% inter-est over
Chapter , Problem 7-46(choose chapter or problem)
A new car dealer advertises financing at 0% inter-est over 4 years with monthly payments or a $3000rebate if you pay cash.(a)The car you like costs $12,000. What effectiveannual interest rate would you be paying if youfinanced with the dealer? (b)The car you like costs $18,000. What effectiveannual interest rate would you be paying if youfinanced with the dealer?(c)The car you like costs $24,000. What effectiveannual interest rate would you be paying if youfinanced with the dealer?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer