You are going to buy a new car worth $25,800. the dealer computes your monthly payment to be $509.55 for 60 months of financing. what is the dealer's effective rate of return on this loan transaction? the dealer's effective rate of return is 1 1%. (round to one decimal place.)

  6.9%

Step-by-step explanation:

Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.

My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.

honeycrisps have skyrocketed to about $4.50 per pound

70

step-by-step explanation:

2*5=10

4*15=60

60+10=

70