1 . A car is $ 4 1 , 2 9 5 , you get a 4...
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Question:
A car is $ you get a interest rate on a month year loan Assuming you make a down payment, calculate your monthly payments over the life of the loan. That is determine your monthly loan payment. Show equation and work using desmos calculator.
Still assuming you make a down payment, calculate your total payments made over the life of the loan. That is determine the total amount that you will pay for the loan. Show work.
Using the information you acquired in steps and calculate the amount of interest you are paying over the life of the loan, given that you made a down payment before acquiring the loan.
Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date: