4-145. If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over...
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4-145. 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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Related Book For 
Engineering Economy
ISBN: 9780134870069
17th Edition
Authors: William Sullivan, Elin Wicks, C Koelling
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