Question

CAR FINANCING FOR LESS 2-YEAR TERM UP TO $40,000 6% COMPOUNDED ANNUALLY WITH A $500 UP-FRONT PAYMENT Question What part of the offered deal is the interest rate? (1 point) Responses 2 YEAR TERM 2 YEAR TERM UP TO $40,000 UP TO $40,000 6% COMPOUNDED ANNUALLY 6% COMPOUNDED ANNUALLY $500 UP-FRONT PAYMENT

Answer 1

[AI-generated answer — Bot GPT 3.5]

The interest rate in the offered deal is "6% COMPOUNDED ANNUALLY".