Question
Moulton Motors is advertising the following deal on a new Honda Civic: Monthly payments of $ 532.61 for the next 48 months and this beauty
Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly payments of
$532.61
for the next
48
months and this beauty can be yours!" The sticker price of the car is
$ 21,000
.
If you bought the car, what interest rate would you be paying in both APR and EAR terms? What is the amortization schedule of the first six payments?
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
