Question
James has purchased a new car for $20 000. James borrowed the whole amount at an interest rate of 8% per year, compounded monthly. James
James has purchased a new car for $20 000. James borrowed the whole amount at an interest rate of 8% per year, compounded monthly. James will take 4years to pay the loan. Determine Jamess monthly payment.
A. $488.26 B. $388.26. C. $399.88. D. $500.00
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
