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As a Banker, you have decided to finance Keyur buy a new car at $53,200 and he can trade in his current car at $23,500
As a Banker, you have decided to finance Keyur buy a new car at $53,200 and he can trade in his current car at $23,500 with financing of $450/Month all included, how many months at the minimum of financing is needed at 5% per annum cost payable monthly to make this deal profitable.
Hint : Use the Annuity table in the folder
78
66
72
84
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