jw72075 jw72075
  • 16-11-2022
  • Mathematics
contestada

You take out a $25,500 car loan at 8.4% APR.
(a) What is the monthly or periodic interest rate?
(b) Your monthly rate can be expressed as a ratio x: 100. What quantity does the x represent?
(c) How much interest is charged in the first month?

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