Question
22) You have just borrowed $10,000 to purchase a new car. It is a 7-year loan with payments of $153 due at the end of
22) You have just borrowed $10,000 to purchase a new car. It is a 7-year loan with payments of $153 due at the end of each month. How much interest expense will you pay over the life of the loan?
It can not be determined without the interest rate
$2,852
$1,000
$1,595
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
