Visit the dealer and read the fine print

Assignment Help Business Economics

Reference no: EM131808394

You see a car loan advertised with terms of 2.17%. When you visit the dealer and read the fine print, however, you see that the interest is not the annual percentage rate, but the amount the dealer is charging every week. What is the effective interest rate? Use 52 weeks per year to make the calculation Round your answer to two decimal places. Do not use a percentage sign"%") For example, if you calculate 12.34%, enter it as 12.34

Reference no: EM131808394

Questions Cloud

Calculate the accumulated depreciation for machine : calculate the accumulated depreciation for this machine at December 31

Analysis of the firms financial performance : HI5002 - Finance for Business - Write a report which compares movements in the companies' share price index to the All Ords Index

Review problem on the cost observations : Cost observations provided for 21 production situations have an average of $149.67 and a standard deviation of $38.85.

Determine the amount of dividends paid each year : Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.

Visit the dealer and read the fine print : You see a car loan advertised with terms of 2.17%. When you visit the dealer and read the fine print, however, you see that the interest

Describe the most likely threats to achieving each goal : Describe the most likely threats to achieving each goal, and, for each threat, describe detective, preventive, and/or corrective controls

Compare the instruction sets and clock rates of each cpu : Compare the instruction sets and clock rates of each CPU. Determine which CPU of the two is faster and why.

What is the current contribution per lot batch : What is the current contribution per lot batch of 500 units? Prepare a traditional contribution income statement in good form.

Promote international monetary cooperation : The International Monetary Fund (IMF) lists its purposes as follows: (1) to promote international monetary cooperation via consultation and collaboration

User Account

All Pages