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Flag A used car dealer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $500 at signing. The car you like costs $9000. a) What is your effective
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Flag A used car dealer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $500 at signing. The car you like costs $9000. a) What is your effective annual interest rate

User Aaeb
by
3.3k points

2 Answers

5 votes

Answer:

27,000

Step-by-step explanation:

if you add then all together you get 2700

User WebWanderer
by
3.6k points
3 votes
27,000 whew too much money
User Viswa
by
4.1k points
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