145. If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over...

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145. If you borrow $5,000 to buy a car at 12%

compounded monthly, to be repaid over the next four years, what is your monthly payment? (4.15)

(a) $131

(b) $137

(c) $1,646

(d) $81

(e) $104

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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Question Posted: Oct 25, 2024 10:11 AM

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145. If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over the next four years, what is your monthly payment? (4.15) (a) $131 (b) $137 (c) $1,646 (d) $81 (e) $104
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145. If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over...

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Engineering Economy

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