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After graduating from college and securing your first job in your field of study, you need to purchase a new car. You are looking at
After graduating from college and securing your first job in your field of study, you need to purchase a new car. You are looking at a Tesla Model X which is priced at $87500. You are able to make a 5.00% down payment at signing and will finance the remaining balance with a 4 year loan. If the interest rate is 5.25%, what is the monthly payment, assuming you'll make the car payment at the end of every month. CHECK ANSWER 
CHCOKN MSWER
After graduating from college and securing your first job in your field of study, you need to purchase a new car. You are looking at a Tesla Model X which is priced at $87500. You are able to make a 5.00% down payment at signing and will finance the remaining balance with a 4 year loan. If the interest rate is 5.25%, what is the monthly payment, assuming you'll make the car payment at the end of every month. CHECK ANSWER
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
