Question
A car loan can be taken for 5 years. At an interest rate of 8.4% per annum compounded monthly, the total cost of the car
A car loan can be taken for 5 years. At an interest rate of 8.4% per annum compounded monthly, the total cost of the car loan would be $37993.41. What is the cost of the car if you pay cash for it today rather than take out the loan?
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Financial Management Principles And Practices
Authors: Sudhindra Bhat
2nd Edition
8174465863, 978-8174465863
