Question
Exactly two years ago you took out a 60-month auto loan for $50,000 at 5% APR. You just made the 24th monthly payment today
Exactly two years ago you took out a 60-month auto loan for $50,000 at 5% APR. You just made the 24th monthly payment today and are considering selling the car. Find the balance remaining on the loan. Round your answer to the nearest cent but omit the $ sign (e.g 871.39).
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
3rd Edition
013350767X, 978-0133507676
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