Question
Anna decides to take out a four-year loan for $30,000 to purchase a new car. Her loan officer tells her that she will make equal,
Anna decides to take out a four-year loan for $30,000 to purchase a new car. Her loan officer tells her that she will make equal, monthly payments for the loan at an interest rate of 8 percent per year.
How much, in total, did Anna pay in interest over the course of the loan?
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
