Intro You took out a loan to buy a new car The monthly interest rate on the loan is 1 5 You have to pay $ 2 2 0 every month for 6 0 months Part 1 Attempt 2 3 for 1 pts What is the present value of the cash flows if it's an annuity due

Question

Intro You took out a loan to buy a new car  The monthly interest rate on the loan is 1   5     You have to pay $ 2 2 0 every month for 6 0 months  Part 1 Attempt 2 3 for 1 pts   What is the present value of the cash flows if it's an annuity due

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Question

Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 1 . 5 % . You

Intro

You took out a loan to buy a new car. The monthly interest rate on the loan is

$1.5 % .$ You have to pay $ $220$ every month for $60$ months.

Part $1$

Attempt $\frac{2}{3}$ for $1$ pts $.$

What is the present value of the cash flows if it's an annuity due?

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