your client wants to buy a new car. the financing terms are: sticker price: 100,000.00 usd cash discount of 21% or 48 monthly payements with no interest: calculate the effective annual rate that your...

your client wants to buy a new car. the financing terms are:

sticker price: 100,000.00 usd

cash discount of 21%

or 48 monthly payements with no interest:

calculate the effective annual rate that your client actually has to pay. you will need your financial calculator for this.