Question
A car dealership offers you no money down on a new car. You may pay for the car for 6 years by equal monthly end-of-the-month
A car dealership offers you no money down on a new car. You may pay for the car for 6 years by equal monthly end-of-the-month payments of $691 each, with the first payment to be made one month from today. if the discount annual rate is 8.56 recent compounded monthly, what is the present value of the car payments? round answer to two decimal place
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
