Question
After making a payment of $5000 for an automobile, molly paid $565 per month for 60 months with interest charged at 4.8% per year compounded
After making a payment of $5000 for an automobile, molly paid $565 per month for 60 months with interest charged at 4.8% per year compounded monthly on the unpaid balance.
How much did Molly pay towards the principal Of the loan for the car?
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Fundamentals Of Probability With Stochastic Processes
Authors: Saeed Ghahramani
4th Edition
042985627X, 9780429856273
