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3 years ago

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John bought a used truck for $4,500. He made an agreement with the dealer to put $1,500 down and make payments of $350 for the n

ext 10 months. The extra cost paid by taking this deal is equivalent to what actual yearly rate of interest?
A. 36%
B. 63%
C. 3.6%
D. 33%

1 answer:

kumpel [21]3 years ago

7 0

I think it is D But it could also be A

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