Ask a New Question

You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly

payments of $695 per month. What is the annual nominal interest rate on the loan?

Ask a New Question or answer this question.

Similar Questions

Please help explainA manufacturer of motorcycle batteries has a plant capacity of 100,000 per year. Overhead costs are $500,000
1. 1 answer
Chels is a recent business grad and has been offered entry level positions with two firms. Firm A offers a starting salary of
1. 2 answers
A car dealer sold 100 cars in his first year and plans to increase his sales by 10 percent each year for the next 5 years. How
1. 1 answer
Frank wants to buy a $10,000 car. The car dealer offers him financing of 60 payments at 9% interest. What will his payments be
1. 3 answers

more similar questions