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An auto loan for $ 2 4 , 0 0 0 is offered at zero percent financing. The loan is to be paid off through
An auto loan for $ is offered at zero percent financing.
The loan is to be paid off through equal monthly payments.
What is the market value of this loan if the interest rate in the market is APR?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
