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look at picture thanks! Juan purchased a new automobile for $21,000. Juan made a cash down payment of $5,250 and agreed to pay the remaining
look at picture thanks!
Juan purchased a new automobile for $21,000. Juan made a cash down payment of $5,250 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate. Required: Calculate the amount of the required monthly payment. Note: Use tables, Excel, or a financial calculator. Round your final answer to nearest whole dollar amount. (FV of \$1, PV of \$1, FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1) Step by Step Solution
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