Question
car dealership offers you no money down on a new car . You may pay for the car for 5 years by equal monthly end-of-the-month
car dealership offers you no money down on a new car.You may pay for the car for 5 years by equal monthly end-of-the-month payments of $837 each, with the first payment to be made one month from today. If the discount rate is 13.84 percent compounded monthly. what is the present value of the car payment?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
