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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has sh…

Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has sh…
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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has she paid?

A. 37%
B. .37%
C. 3%
D. 3.7%

User Ramesh Akula
by
8.0k points

1 Answer

5 votes
The answer is D. 3.7%
User Rigoxls
by
8.3k points
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