Question

david is buying a new car for 21,349.00. he plans to make a down payment of 3,000.00. if hes to make monthly payments of 352 for the next five years, what APR has he paid?a. 5%b. 59%c. 5.9%d. .05%

Answer 1

5%

352 x 12 = 4224

4224 / 21,349 = 5%

I hope this is right good luck!