Question
Derek borrows $36,823.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.75%. After
Derek borrows $36,823.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.75%. After a 16.00 months Derek decides to pay off his car loan. How much must he give the bank?
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Finance Basics 20 Minute Manager
Authors: Harvard Business Review
1st Edition
1625270852, 978-1625270856
