Question
(Non-annual annuity) Jasmine just brought a car for $35,000 with a $5,000 deposit. She borrowed the balance with a $30,000 loan from the automobile dealer.
(Non-annual annuity) Jasmine just brought a car for $35,000 with a $5,000 deposit. She borrowed the balance with a $30,000 loan from the automobile dealer. The loan is for 3.6% annual, compunded and payable monthly over 3 years. What will be her monthly payments? if he decides to start the first payment on day 1 what will be his monthly payments there after?
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Listed Volatility And Variance Derivatives
Authors: Yves Hilpisch
1st Edition
1119167914, 978-1119167914
