Question
A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you must pay
A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you must pay 9.25% compounded monthly, what is your monthly payment? How much interest will you pay?
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
