Derek decides to buy a new car. The dealership offers him a choice of paying $556.00 per month for 5 years (with the first payment due next month) or paying some $28,114.00 today. He can borrow money from his bank to buy the car.
What interest rate makes him indifferent between the two options?

Answer format: Percentage Round to: 3 decimal places (Example: 9.243%, % sign required.)

Asif spent $745.10 on 13 new file cabinets for his office. small file cabinets cost $43.50 and large file cabinets cost $65.95. write and solve a system of equations to find the number of small cabinets and large cabinets he purchased. determine if each statement is true or false. 1. he purchased 5 small cabinets. true or false 2. he purchased 7 large cabinets. true or false 3. he spent $527.60 on large cabinets. true or false