Question
Mellody has just purchased a car and is financing $26, 866 of the cost. The lender has offered Mellody an interest rate of 8.6
Mellody has just purchased a car and is financing $26, 866 of the cost. The lender has offered Mellody an interest rate of 8.6 % for 72 months (6 years). Determine Mellody's cost of financing the car. Round your answer to the nearest cent, if necessary.
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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