Question
Derek borrows $33,011.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.49%. After
Derek borrows $33,011.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.49%. After a 16.00 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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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
