Question
E-Loan, an online lending service, recently offered 48 -month auto loans at 4.5 % compounded monthly to applicants with good credit ratings. If you have
E-Loan, an online lending service, recently offered 48-month auto loans at 4.5 % compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $ 268, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
