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Francesca wants to buy a $43,000.00 car. She is planning on making monthly payments of $900.00 for 4 years. The interest rate on the
Francesca wants to buy a $43,000.00 car. She is planning on making monthly payments of $900.00 for 4 years. The interest rate on the loan is 4% compounded monthly. How much will her down payment need to be to make this happen?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
