Question
I need help solving this problem, I do not know how to solve it: Lorenzo is hoping to purchase a 2017 Nissan Versa Note hatchback,
I need help solving this problem, I do not know how to solve it:
Lorenzo is hoping to purchase a 2017 Nissan Versa Note hatchback, which has a sticker price of $19,899. The dealership has offered Lorenzo a 72-month loan with an APR pf 3.36%.
Lorenzo ha $5,700 he is considering using as a down payment. If he puts all $5,700 down, what will his monthly payment be?
If Lorenzo, instead, decided to keep his $5,700 and finance the total cost of the car, what will his monthly payment be?
Would you recommend Lorenzo use his downpayment? Why or why not?
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
