An auto dealership is advertising that a new car with a sticker price of $33,048 is on sale for $25,995 if payment is made in full, or it can be financed at 0% interest for 72 months with a monthly payment of $459. Note that 72 payments × $459 per payment = $33,048, which is the sticker price of the car. By allowing you to pay for the car in a series of payments (starting one month from now) rather than $25,995 now, the dealer is effectively loaning you $25,995. If you choose the 0% financing option, what is the effective interest rate that the auto dealership is earning on your loan? (Hint: Discount the payments back to current dollars, and use Goal Seek to find the discount rate that makes the net present value of the payments = $25,995.)

(x3 + 6x2 + 2x - 6) • (x - 1)

step-by-step explanation:

polynomial long division :

3.2     polynomial long division

dividing :   x4+5x3-4x2-8x+6

                              ("dividend")

by         :     x-1     ("divisor")

dividend     x4   +   5x3   -   4x2   -   8x   +   6

- divisor   * x3     x4   -   x3            

remainder         6x3   -   4x2   -   8x   +   6

- divisor   * 6x2         6x3   -   6x2        

remainder             2x2   -   8x   +   6

- divisor   * 2x1             2x2   -   2x    

remainder               -   6x   +   6

- divisor   * -6x0               -   6x   +   6

remainder                     0

quotient :   x3+6x2+2x-6   remainder:   0

answer: the answer is 110