A car dealer will sell you a used car for $8,514 with $514 down and payments of $153.18 per month for 60 month

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A car dealer will sell you a used car for $8,514 with $514 down and payments of $153.18 per month for 60 month

[From: ] [author: ] [Date: 11-09-05] [Hit: ]

-Present value = $8,000 ($8,Payment = $153.The monthly interest rate is 0.467%, which is 5.......

A car dealer will sell you a used car for $8,514 with $514 down and payments of $153.18 per month for 60 months. What is the APR?

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Present value = $8,000 ($8,514 - $514 down payment)
Term = 60 months
Payment = $153.18 per month

The monthly interest rate is 0.467%, which is 5.6% annually.

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aprox 3.65%
have your considered sales tax, license and registration?

1

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