Question
I want to check if I am getting the correct answer. Please take a look! You want to buy a truck for $24,000 at an
I want to check if I am getting the correct answer. Please take a look!
You want to buy a truck for $24,000 at an 8% interest rate with monthly payments over five years. Calculate your monthly payment.
PV = 24,000
I = 8%
N = 60
FV = 0
PMT = ?
Answer = 1939.15
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Multinational Financial Management
Authors: R M Srivastava
1st Edition
8174466703, 9788174466709
