Question
Becky Lewis financed the construction of a garage on her lot with a 9.3% add-on interest home improvement loan from the Guaranteed Savings Bank. The
Becky Lewis financed the construction of a garage on her lot with a 9.3% add-on interest home improvement loan from the Guaranteed Savings Bank. The total price of the garage was $11,860 and was financed with equal monthly payments for 6 years.
What is the total deferred payment price of the garage?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
