Question
LOAN PAYMENTS You want to buy a $25,000 car. The dealer offers a 4-yr loan with a 9% APR. What are the monthly payments? ?
- LOAN PAYMENTS
You want to buy a $25,000 car. The dealer offers a 4-yr loan with a 9% APR. What are the monthly payments?
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- NUMBER OF ANNUITY PAYMENTS
You realize that you have charged too much on your credit card and have racked up $5000 in debt. If you can pay $150/mo and the card charges 17% APR (compounded monthly), how long will it take you to pay off the debt?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
