Finance-Crazy Cliff’s Car Coral has offered to sell you a used Mustang for $15,000

| January 30, 2017

Question
Crazy Cliff’s Car Coral has offered to sell you a used Mustang for $15,000. You are required to make payments of $250 (first payment due next week) for 3 years. What is the annual percentage rate (APR) on this loan?

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