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An installment contract for the purchase of a car requires payments of $570.60 at the end of each month for the next three years. Suppose
- An installment contract for the purchase of a car requires payments of $570.60 at the end of each month for the next three years. Suppose interest is 11.8% p.a. compounded monthly. (show all work)
- What is the amount financed?
- How much is the interest cost?
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
