Question
Asked Apr 5, 2019
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A car dealer will sell you the $16,150 car of your dreams for $3,290 down and payments of $338.97 per month for 48 months. What is the APR? 

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Expert Answer

Step 1

Let the APR (annual interest rate ) be r . r is determined in the following steps 

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Step 2

Let r be the rate . r is dete...

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