Question
A new car can be purchased for a down payment of $17,000 and 5 annual payments of $19,780. If the interest rate is 15.25%, what
A new car can be purchased for a down payment of $17,000 and 5 annual payments of $19,780. If the interest rate is 15.25%, what is the price of the car (the present worth or present value)?
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
