Question
A truck costing 110000 is paid off in monthly installments over four years with 7.5% APR. After three years the owner wishes to sell the
A truck costing 110000 is paid off in monthly installments over four years with 7.5% APR. After three years the owner wishes to sell the truck. What is the closest amount from the following list that he needs to pay on his loan before he can sell the truck?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
