Already a member?
Welcome to Brazen Careerist!
Emily Ma is using Brazen Careerist to share ideas. Join now to become a member and start networking with Emily Ma and other professionals just like you. Learn more.
Brazen careerist
Where ambitious young professionals connect and grow
Email
Print
Question from a reader (slightly edited):
I have 60-month loan for an $18500 car with a 5.69 percent APR. When I do the calculation using simple interest it comes to $1052.65. On my contract from the dealer it says $2726.20.
Why is their number closer to 15 percent? Am I missing something?
My answer:
This is a great question about interest rates. Their numbers, though correct, are confusing for
For more timely, relevant, and engaging articles,
subscribe to Brazen Careerist.
- The Anti-Stalker’s Guide for Converting Online Contact into Real World Collaboration
- Why You Might Be Better Off Without a Job After College
- A New Kind of Business Mover and Shaker
- How To Find a Writing Partner Who Can Help You Achieve Your Goals and Make More Money
- Continuing Education: Extending Learning Beyond Your Campus Years
Got Something To Say?
Got Something To Say?
Not a Member? Brazen Careerist is a career management tool for next-generation professionals. Set up a free account today to comment on this post and start sharing your ideas. Learn more.
Login to view your networks!
 |
 |
 |
 |
|
