Must be done in excel using excel equations thank you ...
70.2K
Verified Solution
Question
Finance
Must be done in excel using excel equations thank you
3. Assume that you are planning on purchasing a new car for $30,000. You will be able to make a down payment of $3,300. The remaining $26,700 will be financed by the dealer. The dealer computes your monthly payment to be $615.00 for 48 months of financing. What is the dealer's monthly rate of return on this car loan? What is the annual rate of return

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.