Question
A commercial bank will loan you $7,500 for two years to buy a car. The loan must repaid in 24 equal monthly payments. The annual
A commercial bank will loan you $7,500 for two years to buy a car. The loan must repaid in 24 equal monthly payments. The annual interest rate on the loan is 12% of the unpaid balance. What is the amount of the monthly payments?
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
