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David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to make monthly payments of $352 for the next five years, what APR has he pa…
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David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to make monthly payments of $352 for the next five years, what APR has he pa…
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Sep 17, 2019
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David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to make monthly payments of $352 for the next five years, what APR has he paid?
Mathematics
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Maxinne
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Amount financed:
21349 - 3000 = 18349
Total paid:
5 years = 60 months (12 x 5)
352 x 60
= 21,120
Total interest:
21,120 - 18,349
= 2,771
Batressc
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Sep 24, 2019
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Batressc
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