Multiple Choice
You are looking for a new truck and see the following advertisement."Own a new truck! No money down.Just five easy annual payments of $8000." You know that you can get the same truck from the dealer across town for only $31,120.The interest rate for the deal advertised is closest to:
A) 9%.
B) 8%.
C) 8.5%.
D) 10%.
Correct Answer:
Verified
Correct Answer:
Verified
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