Question
Noel and Herman are now trying to decide between a 48 -month and a 60-month car loan. If the loan is for $10,888 at percent,
Noel and Herman are now trying to decide between a 48 -month and a 60-month car loan. If the loan is for $10,888 at percent, what is the difference in the monthly payments? Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table
The monthly payment for the 48-month car loan is $ . (Round to the nearest cent.)
The monthly payment for the 60-month car loan is $ . (Round to the nearest cent.)
The difference between the monthly payments is $ . (Round to the nearest cent.)
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
