Question
12) A car loan for $27,500 has an interest rate of 6.25% and is amortized over 60 months. What is the monthly payment on the
12) A car loan for $27,500 has an interest rate of 6.25% and is amortized over 60 months. What is the monthly payment on the loan?
- $534.85
- $451.52
- $465.16
- $512.18
Same facts as above what is the balance of the loan after 3 years of payment? How long, in months, would it take to pay off 60% of the loan
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
