Question

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%

Answer 1

The actual answer is 16.8%

Explanation:

I got the answer wrong with the other answer

Answer 2

the answer is 17.8% because it is