Question
Please show me how to input this into a financial calculator. If I buy a car for $17,800 and the terms of the loan call
Please show me how to input this into a financial calculator.
If I buy a car for $17,800 and the terms of the loan call for monthly payments for five years at an 8.6% annual interest rate, compounded monthly, what is the amount of each payment?
N=60, I/Y = .0072, PV= 17800, CPT PMT 313.95
is this correct?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
