What is dealers annual rate of return on loan transactions

Reference no: EM13198786

Assume that you are going to buy a car work $25,000. You will be able to make a down payment of $3,000. The remaining #22,000 will be financed by the dealer. The dealer computes your monthly payment to be $547.47 for 28 months of financing. What is the dealers annual rate of return on this loan transaction?

Reference no: EM13198786

Questions Cloud

Example of a critical decision : Give an example of a critical decision that would be needed to be made by the FEMA agency in a short amount of time.

Explain the summarizing and paraphrasing and citing reading : Decision making is a process by which several possibilities are considered and prioritized, resulting in a clear choice of one option over others. Decision making is a fact of life personally and in business.

Explain the role of television : a dramatic increase in childrens violent play immediately after they viewed a video of the power rangers illustrates the role of television

What is dealers annual rate of return on loan transactions : Assume that you are going to buy a car work $25,000. You will be able to make a down payment of $3,000. The remaining #22,000 will be financed by the dealer. The dealer computes your monthly payment to be $547.47 for 28 months of financing.

What is dealers annual rate of return on loan transactions : Assume that you are going to buy a car work $25,000. You will be able to make a down payment of $3,000. The remaining 22,000 will be financed by the dealer. The dealer computes your monthly payment to be $547.47 for 28 months of financing.

What must be the minimum selling price : Mr. Smith Wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate (coupon rate) of 7.5%, with bond interest payable semiannually. Four years ago, the bond was purchased at $900.

Identify the barriers to effective interpersonal interaction : Explain the principles and misconceptions in effective interpersonal communications. Identify the barriers to effective interpersonal interactions.

How increase in interest rate will affect international rate : Show and explain how the increase in interest rates will affect the international value of the United States dollar and the foreign dollar. (Make sure you use the concepts of supply and demand and financial capital in your explanation.)

The current organizational culture of microsoft corporation : What is the current organizational culture of Microsoft corporation (look to the artifacts, norms, values, and basic assumptions)?

User Account

All Pages