Question
Derek borrows $40,780.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.36%. After
Derek borrows $40,780.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.36%. After a 12.00 months Derek decides to pay off his car loan. How much must he give the bank?
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
