London Motors will sell a $24,000 car for $335 per month for 60 months.What is the interest rate?
A) 8.95percent
B) 7.15 percent
C) 6.90 percent
D) 9.17.59percent
E) 6.77 percent
Correct Answer:
Verified
Q40: You just borrowed $3,000 from your bank
Q41: Postal Express is considering the purchase of
Q42: Janice plans to save $80 a month,
Q43: Karley's setting aside $32,000 each quarter, starting
Q44: Max's Kennels spent $220,000 to refurbish its
Q46: Forni's Furniture is offering a bedroom suite
Q47: RB Farworth will pay you $2,500 a
Q48: You owe $6,800on a car loan that
Q49: Industrial Tools owes you $38,600.This amount is
Q50: Cromwell is acquiring some land for $1,200,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents