Question
A car costs $30,795. After a down payment of $3,026 the balance will be paid off in 36 equal monthly payments with interest of 5.62%
A car costs $30,795. After a down payment of $3,026 the balance will be paid off in 36 equal monthly payments with interest of 5.62% per year on the unpaid balance.
Find the amount of each payment.
Enter a number rounded to two decimal places.
A car costs $30,795. After a down payment of $3,026 the balance will be paid off in 36 equal monthly payments with interest of 5.62% per year on the unpaid balance.
Find the amount of each payment.
Enter a number rounded to two decimal places.
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Financial Risk Manager Handbook
Authors: Philippe Jorion
6th Edition
0470904011, 978-0470904015
