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An installment contract for the purchase of a car requires payments of $270.60 at the end of each month for the next four years. Suppose
An installment contract for the purchase of a car requires payments of $270.60 at the end of each month for the next four years. Suppose interest is 11.8% p.a. compounded monthly.
What is the amount financed?
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
