Question
Mary Smith took out a car loan of $18,000 to pay back in 72 monthly installments at a nominal interest rate of 8%. Compute: a)
Mary Smith took out a car loan of $18,000 to pay back in 72 monthly installments at a nominal interest rate of 8%. Compute:
a) The monthly payment for Mary.
b) The loan balance immediately after the 24th payment. Note: 48 remaining payments
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
