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Please solve this without using Excel

A new car dealer advertises financing at 0% interest over 4 years with monthly payments or $3,000 rebate if you pay cash

a-) the car you like costs $12,000. what effective annual interest rate would you be paying if you financed with the dealer?

b-) the car you like costs $18,000. what effective annual interest rate would you be paying if you financed with the dealer?

c-) the car you like costs $24,000. what effective annual interest rate would you be paying if you financed with the dealer?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92323869

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