Question
My son recently had his 5th car accident in the last year or so and needs a new car. He has $3,000 saved for a
My son recently had his 5th car accident in the last year or so and needs a new car. He has $3,000 saved for a down payment and can get a 3-year loan for 8% APR compounded monthly. If he buys a $10,000 car, then what will be his monthly car payment?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
