Question
Banana purchased a car for $20,000 three years ago using an 10% six year loan for the entire amount. Loan payments are made monthly. Now
Banana purchased a car for $20,000 three years ago using an 10% six year loan for the entire amount. Loan payments are made monthly. Now she wants to sell the car and payoff the loan. What is the minimum selling price needed to payoff the loan?
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
