Question
1. How much interest do you end up paying if you make 23.6285 payments of $100 instead? 2. You owe $10,000 on your car and
1. How much interest do you end up paying if you make 23.6285 payments of $100 instead?
2. You owe $10,000 on your car and your interest rate is 4.32% per year. If you make payments of $200 per month, how many payments do you have left? Round to 4 decimals.
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
