17. david is buying a new car for $21,349.00. he plans to make a down payment of $3,000.00. if he's to make monthly payments of $352 for the next five years, what apr has he paid?

Hi there

Amount financed
21349-3000=18349

Total paid
5years=60months (12×5)352×60 =21,120

Total interest
21,120−18,349=2,771

APR is(2,771×2×12)÷(18,349×61)=0.059×100=5.9%...answer

Hope it helps!

The answer would be 5.9%