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Mark gets a $24,000 loan to buy his dream car. The loan must be repaid in 4 equal annual payments. The annual interest rate on
Mark gets a $24,000 loan to buy his dream car. The loan must be repaid in 4 equal annual payments. The annual interest rate on the loan is 9%. Calculate the size of each payment? Round your answer to the nearest dollar.
Select one:
a. $33,878
b. $5,248
c. $7,408
d. $6,000
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Innovation In Public Transport Finance
Authors: Shishir Mathur
1st Edition
1138250139, 978-1138250130
