Multiple Choice
Ziggy is considering purchasing a new car.The cash purchase price for the car is $28,000.What is the annual interest rate if Ziggy is required to make annual payments of $6,500 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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