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A Car Dealer Offers Payments of $522

question 35

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A car dealer offers payments of $522.59 per month for 48 months on a $25,000 car after making a $4,000 down payment.What is the loan's APR?


Definitions:

Geographical Area

A specific physical region or space defined by natural or artificial boundaries.

Administered Vertical Marketing System

A coordinated marketing channel where a single member coordinates activities, without formal agreements, to increase efficiency and effectiveness.

Contractual Agreements

Legally binding contracts or understandings between two or more parties outlining the terms and conditions of a business arrangement.

Marketing Chain

A system of intermediaries or channels through which goods and services pass from the manufacturer to the end consumer.

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