The price of the car is 17000 a minimum down payment of 20


A car dealer is offering a $1500 rebate or financing at 2% APR over 36 months. The price of the car is $17,000. A minimum down payment of 20% is required. What is the effective interest rate for the loan?

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Business Economics: The price of the car is 17000 a minimum down payment of 20
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