CAR FINANCING FOR LESS
2-YEAR TERM
UP TO $40,000
6% COMPOUNDED ANNUALLY WITH A $500 UP-FRONT PAYMENT
Question
What part of the offered deal is the interest rate?
(1 point)
Responses
2 YEAR TERM
2 YEAR TERM
UP TO $40,000
UP TO $40,000
6% COMPOUNDED ANNUALLY
6% COMPOUNDED ANNUALLY
$500 UP-FRONT PAYMENT
1 answer
The interest rate in the offered deal is 6% compounded annually.