Question
For the Questions 3-5 assume you want to finance (borrow) $12,000 for your next car and your interest rate will be 6%. 3. What will
For the Questions 3-5 assume you want to finance (borrow) $12,000 for your next car and your interest rate will be 6%.
3. What will be your monthly payment and the total amount paid over the life of the loan if you finance for 48 months? Provide the car payment and the TVM inputs you used to calculate the payment.
| Payment | |
| Total of all payments | |
| PV | |
| FV | |
| RATE/INTEREST | |
| PERIODS/N |
4. What will be your monthly payment and the total amount paid over the life of the loan if you finance for 60 months? Provide the car payment and the TVM inputs you used to calculate the payment.
| Payment | |
| Total of all payments | |
| PV | |
| FV | |
| RATE/INTEREST | |
| PERIODS/N |
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Understanding Decentralized Finance How DeFi Is Changing The Future Of Money
Authors: Rhian Lewis
1st Edition
1398609390, 978-1398609396
