Question
Anthony borrowed $30,500 to buy a new car. The stated interest rate is 4.8 percent per year, but he is required to make monthly payments
Anthony borrowed $30,500 to buy a new car. The stated interest rate is 4.8 percent per year, but he is required to make monthly payments for five years. What is his monthly payment on the loan?
Using the financial calculator.
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
