Question
Ann has a 48 month installment loan with a fixed monthly payment of $83.81. The amount she borrowed was $3500. Instead of making her 18th
Ann has a 48 month installment loan with a fixed monthly payment of $83.81. The amount she borrowed was $3500. Instead of making her 18th payment, Ann is paying the remaining balance on the loan. What is the total amount due to pay off the loan?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
