Question
12. A car loan for $32,500 has an interest rate of 4.25% and is amortized over 72 months. What is the monthly payment on the
12. A car loan for $32,500 has an interest rate of 4.25% and is amortized over 72 months. What is the monthly payment on the loan? 13. Same facts as #12 above. What is the balance of the loan after 3 years of payments? 14. Same facts as #12 above. How long would it take to pay off 70% of the loan?
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Professionals Handbook Of Financial Risk Management
Authors: Lev Borodovsky, Marc Lore
1st Edition
0750641118, 978-0750641111
