Question
It is known that car financing resulted in a monthly payment of $200 over 5 years. The car dealer has set a nominal interest rate
It is known that car financing resulted in a monthly payment of $200 over 5 years. The car dealer has set a nominal interest rate of 4.5% compounded daily. What is the purchase price of the car?
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Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
