Question
Ming financed the total cost of his new car $17,000.00. His credit union gave him an annual simple interest rate of 7.5% for 7 years
Ming financed the total cost of his new car $17,000.00. His credit union gave him an annual simple interest rate of 7.5% for 7 years for an Add-On loan.
What is the total interest paid on the loan? Round your answer to the nearest cent, if needed.
What is the total cost of the car, including interest? Round your answer to the nearest cent, if needed.
What is Ming's monthly car payment? Assume equal monthly payments. Round your answer to the nearest cent, if needed.
Ming financed the total cost of his new car, $17,000.00. His credit union gave him an annual simple interest rate of 7.5% for 7 years for an Add-On loan. What is the total interest paid on the loan? Round your answer to the nearest cent, if needed. What is the total cost of the car, including interest? Round your answer to the nearest cent, if needed. What is Ming's monthly car payment? Assume equal monthly payments. Round your answer to the nearest cent, if needed
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Financial Management For Nurse Managers
Authors: J. Michael Leger
5th Edition
1284230937, 9781284230932
