Question

CAR FINANCING FOR LESS! 2-YEAR TERM! UP TO $40,000! 6% COMPOUNDED ANNUALLY WITH A $500 UP-FRONT PAYMENT!

What part of the offered deal is the interest rate?

A.
2 YEAR TERM

B.
UP TO $40,000

C.
6% COMPOUNDED ANNUALLY

D.
$500 UP-FRONT PAYMENT

Answer 1

C. 6% COMPOUNDED ANNUALLY