Illustrate what annual interest rate is paul charging you

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Reference no: EM13102227

Q. (Rate of return of an annuity) Paul's Perfect Peugeot says they'll sell you a brand new Italian "Iron Man" motor scooter for $1,699. Financing is available and the terms are 10% down and payments of $46.57 a month for 40 months. Illustrate what annual interest rate is Paul charging you?

Reference no: EM13102227

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Illustrate what annual interest rate is paul charging you : brand new Italian "Iron Man" motor scooter for $1,699. Financing is available and the terms are 10% down and payments of $46.57 a month for 40 months. Illustrate what annual interest rate is Paul charging you?

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