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 a good
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 $536, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
