Question
A car is purchased for $10000 with $1000 down and a loan to be repaid at $120 a month for 6 years followed by a
A car is purchased for $10000 with $1000 down and a loan to be repaid at $120 a month for 6 years followed by a balloon payment. If the interest rate is 6% compounded monthly, how large will the balloon payment be?
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Fundamentals Of Financial Planning
Authors: Michael A Dalton, Joseph Gillice
3rd Edition
1936602091, 9781936602094
