Solved

You Recently Sold an Antique Car You Owned and Valued

Question 48

Multiple Choice

You recently sold an antique car you owned and valued greatly.However,you needed money and agreed to sell the car at a price of $58,000,to be paid in monthly payments of $1,500 each for 48 months.What interest rate did you charge for financing the sale?


A) 10.33 percent
B) 10.44 percent
C) 10.60 percent
D) 11.03 percent
E) 11.33 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents