Question
E-Loan, an online lending service, recently offered 60-month auto loans at 3.6% compounded monthly to applicants with good credit ratings. If you have a good
E-Loan, an online lending service, recently offered 60-month auto loans at 3.6% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $412, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
