1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timama [110]
2 years ago
15

An auto dealership is advertising that a new car with a sticker price of $35,208 is on sale for $25,995 if payment is made in fu

ll, or it can be financed at 0% interest for 72 months with a monthly payment of $489. Note that 72 payments × $489 per payment = $35,208, which is the sticker price of the car. By allowing you to pay for the car in a series of payments (starting one month from now) rather than $25,995 now, the dealer is effectively loaning you $25,995. If you choose the 0% financing option, what is the effective interest rate that the auto dealership is earning on your loan?
Mathematics
1 answer:
frutty [35]2 years ago
6 0

The answer is: APR = 10.56%

Explanation:   Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of buying the car:

=RATE(72,-489,25995)

= 0.8803% monthly interest rate

Then we multiply the monthly interest rate by twelve to get the APR:

APR = 0.8803% x 12 = 10.56%

You might be interested in
Solve for x on the interval 0≤x&lt;2pi<br><br> cos(3x)=1/2
Ede4ka [16]

We will see that the solution in the given interval is: x = 0.349 radians.

<h3>How to solve equations with the variable in the argument of a cosine?</h3>

We want to solve:

cos(3*x) = 1/2

Here we must use the inverse cosine function, Acos(x). Remember that:

cos(Acos(x)) = Acos(cos(x)) = x.

If we apply that in both sides, we get:

Acos( cos(3x) ) = Acos(1/2)

3*x = Acos(1/2)

x = Acos(1/2)/3 = 0.349

So x is equal to 0.349 radians, which belongs to the given interval.

If you want to learn more about trigonometry, you can read:

brainly.com/question/8120556

7 0
2 years ago
Question 4 of 10
Anvisha [2.4K]

Answer:

C

Step-by-step explanation:

I googled it

7 0
3 years ago
What is the value of a missing angle
iris [78.8K]

Answer:

63°

Step-by-step explanation:

First, by looking at the angle we see that the overall angle is a right angle. This means that the total will add up to 90°.

Knowing this we can then subtract

90° - 27° = 63°

6 0
3 years ago
Read 2 more answers
13. A circle with radius x is shown below. The diagram is not drawn to scale. (1 point)
mr_godi [17]

Answer: 16.1

Step-by-step explanation:

x^2 = 8^2 + (28/2)^2

x^2=64 + 196

x^2= 260

Take the square root of 260 and get 16.1!

5 0
3 years ago
Devin brought his snails collection to school. He has 10 snails. How could he put them into 2 tanks so two classes could see the
galina1969 [7]
10 divided by 2 = 5 is one of the equations
5 0
3 years ago
Other questions:
  • Help me with 234 thousands + 7 ten thousands = need answer ASAP!<br><br> Thanks
    14·2 answers
  • Can someone help me again pleaseeee :')
    15·1 answer
  • Divide the binomial by the monomial to find the quotient.
    8·2 answers
  • 27 thousands + 3 hundreds + 5 ones*1 0
    8·2 answers
  • A car uses 8 gallons of gasoline to travel 290 miles. How much gasoline will the car use to travel 400 miles
    9·1 answer
  • Factor the expression 10x+12 using GCF.
    14·1 answer
  • Juneau has a current temperature of -19 degrees, while Honolulu has a current temperature of 75 degrees. What is the difference
    11·1 answer
  • Write the equation of the line passing through the points (−2,3) and (−1,−2) in Slope-Intercept and Point-Slope Form.
    12·1 answer
  • I need the answer asap! Put these in order from greatest to least,
    10·2 answers
  • Arsene wenger pushes a box with a force of 60N over a distance 10m calculate the work done
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!