Question
Lena decides she wants to buy a new car. She finds her dream car and it will cost her $13,000. She can get a 5-year
Lena decides she wants to buy a new car. She finds her dream car and it will cost her $13,000. She can get a 5-year loan at an annual interest rate of 6%. What will her monthly payments be?
O A. $251.33
O B. $804.38
O C. $186.33
O D. $786.59
Use the information above in question 13, which of the following is closest to the loan?
O A. $15,080
O B. S2.080
O C. $1,180
O D. $7.195
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
