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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has she paid?
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Asked 1/14/2022 3:44:51 AM
Updated 6/5/2022 2:57:06 PM
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User: Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has she paid?

Weegy: Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. [ If she's to make monthly payments of $525 for the next five years, she has paid 3.7% APR. Solution: (r = 3.7% = 0.037) 2057r / 450 = 2057(0.037) / 450 = 76.109 / 450 = 0.1691 1 - (1 + r/12)^60 = 1 - (1 + 0.037/12)^-60 = 1 - 0.8313 = 0.1687 Therefore, r is approximately 3.7%. ]
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User: Ten weeks ago Jerry bought stock at 21½; today the stock is valued at 20%/- We could say the stock is performing at which of the following?

Question
Asked 1/14/2022 3:44:51 AM
Updated 6/5/2022 2:57:06 PM
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Ten weeks ago Jerry bought stock at 21½; today the stock is valued at 203/8. The stock is performing at Below par. loss = 21 1/2 - 20 3/8 = 43/2 - 163/8 = 21.5 - 20.375 = 1.125.
Added 6/5/2022 2:57:06 PM
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Updated 1/19/2023 10:42:12 AM
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Updated 1/14/2022 4:10:26 AM
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