Question
Derek borrows $35,808.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.04%. After
Derek borrows $35,808.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.04%. After a 12.00 months Derek decides to pay off his car loan. How much must he give the bank?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
