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

The interest rate in the offered deal is 6% compounded annually.