You have reached an agreement with an auto dealer regarding a new car. She has offered you a trade-in allowance of $7 00

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You Have Reached An Agreement With An Auto Dealer Regarding A New Car She Has Offered You A Trade In Allowance Of 7 00 1 (20.1 KiB) Viewed 37 times

You have reached an agreement with an auto dealer regarding a new car. She has offered you a trade-in allowance of $7 000 on your old car for a new one that she has "reluctantly reduced to only $32 000 (before trade-in). She has further agreed upon a contract that requires you to pay $471.78 each of the next 60 months, beginning one month from today. What is your interest rate, expressed as an annual percentage? Give your answer to the nearest 0.01% With your instructor's approval, write a computer program or use a spreadsheet to solve the problem. The interest rate is 0.03 %