Multiple Choice
Ziggy is considering purchasing a new car. The cash purchase price for the car is €35,000. What is the annual interest rate if Ziggy is required to make annual payments of €8,100 at the end of the next five years?
A) 4%
B) 5%
C) 6%
D) 7%
Correct Answer:
Verified
Correct Answer:
Verified
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