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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…

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 paid?

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User Geryson
by
8.6k points

1 Answer

2 votes
New car $21,349
Down $3,000
Monthly $352
Monthly x 5yrs $21,120
APR $2,771
answered
User Yury Matatov
by
8.2k points
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