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i need help on question 1 What is the price of a car if the loan from the bank to buy it involves annual payments
i need help on question 1
What is the price of a car if the loan from the bank to buy it involves annual payments of $7,330.00 to the bank for 6 years at an annual interest rate of 8.60 percent with the first annual payment made to the bank in 1 year and a special payment of $4.890.00 to the bank in 6 vears?(Round the decimal to 100 th place) QUESTION 2 What is the price of a car if the loan from the bank to buy it involves annual payments of $6,250,00 to the bank for 4 years at an annual interest rate of 10.42 percent with the first annual payment made to the bank in 1 year and a special payment of $5.110.00 to the bank in 3 years?(Round the value to 10 th decimal and enter positive value) Step by Step Solution
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