Question
Dean is planning to purchase a New Nissan Altima which costs $26,865. He saved $3200 to put toward it. He is thinking about getting a
Dean is planning to purchase a New Nissan Altima which costs $26,865. He saved $3200 to put toward it. He is thinking about getting a loan for it from his credit union, but he could also keep driving his beat up old car for a while longer and save up cash for this one.
Posibility one: a loan
Dean qualifies for a 5 year loan from his credit union with a 6.4% APR. If he uses the $3200 as a down payment, what percent down payment will be making?
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Differential Geometry
Authors: Erwin Kreyszig
1st Edition
486667219, 978-0486667218
