Mathematics, 10.02.2021 05:10, beserkerbradley5863

Derek decides to buy a new car. The dealership offers him a choice of paying $556.00 per month for 5 years (with the first payment due next month) or paying some $28,114.00 today. He can borrow money from his bank to buy the car.
What interest rate makes him indifferent between the two options?

Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required.)

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 15:30, itzygutierrez7373

In the figure below, segment ac is congruent to segment ab: triangle abc with a segment joining vertex a to point d on side bc. side ab is congruent to side ac which statement is used to prove that angle abd is congruent to angle acd? segment ad bisects angle cab. triangle acd is similar to triangle abd. segment ad is congruent to segment ac. angle cab is congruent to angle cba.

Answers: 2

continue

Mathematics, 21.06.2019 17:30, fonsworth5

Kathy spent 5/8 of her money on books and another 1/6 of her money on stationeries. what fraction of kathy’s money was left?

Answers: 2

continue

Mathematics, 21.06.2019 18:00, summer996

If you had $1,900,000, how many days would it take you to spend all if you spent $1 a second. (there are 86,400 seconds in a day)

Answers: 1

continue

Mathematics, 21.06.2019 21:40, bella7524

Which statement is true about a number and its additive inverse? a. their product is always one. b. their sum is always one. c. they are always reciprocals of each other. d. their sum is always zero.

Answers: 1

continue

Do you know the correct answer?

Derek decides to buy a new car. The dealership offers him a choice of paying $556.00 per month for 5...