Determine the apr of loan to the nearest one-half of percent

Assignment Help Financial Management

Reference no: EM131932334

A college student purchased a used car for $4000. He paid 8% down and then paid 18 monthly payments of $216.79. Determine the APR of the loan to the nearest one-half of a percent. Please solve using a calculator or basic math answer, no excel.

Reference no: EM131932334

Questions Cloud

Describe the product or service that is offered to customers : Describe methods that will be utilized to select the target market for the business. Describe who your customers are (the target market).

Calculated value of the test statistic : As a quick check to determine whether the mean nicotine content per cigarette µ of the Dy2Soon brand is greater than the advertised value of 1.5milligrams

What is the decision rule : What is the decision rule? Fill in only one of the following statements depending if the hypothesis is One tailed or Two tailed if the hypothesis is one tailed:

Find out the proportion of american adults : What would be an appropriate sample size to find out the proportion of American adults who smoke, if you want a margin of error of 2%

Determine the apr of loan to the nearest one-half of percent : Determine the APR of the loan to the nearest one-half of a percent.

Calculate the probability of getting three tickets : Calculate the probability of getting three tickets within a 12 month period for a driver who averages one speeding ticket every 18.6 months.

How can a growth mindset help you in your academic work : In your own words, describe growth mindset. How can a growth mindset help you in your academic work? 75 words

Considering expansion of their data storage system : Google is considering an expansion of their data storage system, What do you recommend the CFO propose to the company's Board of Directors?

Represent the number of underinflated tires on an automobile : Which of the following p(x) functions specifies a legitimate distribution for x, and why are the other two not legitimate?

User Account

All Pages