Ask Question
15 January, 18:14

Buying a new car for 32998.00 putting down 4200.00 for down payment and making 525.00 monthly payments for five years what apr has been paid

+2
Answers (1)
  1. 15 January, 18:15
    0
    Amount financed

    32,998-4,200=28,798

    Total paid

    525*60 months=31,500

    Total interest

    31,500-28,798=2,702

    APR

    (2*12*2,702) : (28,798*61)

    =0.037*100=3.7% ... answer
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Buying a new car for 32998.00 putting down 4200.00 for down payment and making 525.00 monthly payments for five years what apr has been paid ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers