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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's t...
4 months ago
Q:
Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has she paid? A. 37% B. .37% C. 3% D. 3.7%
Accepted Solution
A:
The answer is D. 3.7%