Audrey is buying a new car for 32,998 she plans to make a down payment of 4200 if she’s to make monthly payments of 525 for the
next five years what APR has she paid?
2 answers:
A suitable financial calculator can tell you the interest rate is about
3.5863%.
_____
There is no explicit formula for APR. It must be solved for iteratively or graphically.
The answer is 2702. I think idk what APR means
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