Question
Kevin had 2 options. He could rent a car for $450 for each month or buy it $1800. He financed it with interest rate 7.25%
Kevin had 2 options. He could rent a car for $450 for each month or buy it $1800. He financed it with interest rate 7.25% compound quarterly and he has to pay off in 6 months. What would be monthly payment ?
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