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4) Mr. Kemal Viteskolu wants to buy a car. His monthly income is 8.000 TL and his monthly expenditure is 5000 TL. He also has
4) Mr. Kemal Viteskolu wants to buy a car. His monthly income is 8.000 TL and his monthly expenditure is 5000
TL. He also has an accumulation of 100,000 TL in his bank account. The price of the vehicle he wants to buy: 300.000
TL and a bank loan of 200.000 TL will be required for payment. The loan has 1.32% monthly interest and 48 equal monthly payments.
will be paid in installments. Under the assumption of constant monthly income and expenditure, Mr. Viteskolu's financial
Decide whether or not he should buy a car in the garage. (tax will be neglected)
explain the answer in details *
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