Question
Derek borrows $32,708.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.24%. After
Derek borrows $32,708.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.24%. After a 11.00 months Derek decides to pay off his car loan. How much must he give the bank?
Answer Format Currency: Round to: 2 decimal places.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
