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Larry's landscaping purchased a riding lawnmower for 4450. The business made a down payment of 875, and agrees to 16 monthly payments of 250 each. estimate the annual percentage rate to the nearest 10th of a percent.

17.8%
3.2%
1.9%
16.8%

User Lofton
by
3.6k points

2 Answers

2 votes

Answer:

The actual answer is 16.8%

Explanation:

I got the answer wrong with the other answer

User Sam Alex
by
4.7k points
5 votes
the answer is 17.8% because it is
User Giorgina
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4.3k points