A car dealer offers payments of $522.59 per month for 48 months on an $25,000 car after making a $4,000 down payment.What is the loan's APR?

Name: A car dealer offers payments of $522.59 per month for 48 months on an $25,000 car after making a $4,000 down payment.What is the loan's APR?
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The loan amount is $21,000 ($25,000 - $4,000). Using the monthly payment formula for an installment loan, the APR that results in a monthly payment of $522.59 for 48 months on a $21,000 loan is approximately 9 percent.

A Car Dealer Offers Payments of $522