Question
Prof. Finance is about to buy a 2014 BMW 328xi for $45,000 which includes all fees and taxes. He has $15,000 as a down payment
Prof. Finance is about to buy a 2014 BMW 328xi for $45,000 which includes all fees and taxes. He has $15,000 as a down payment and can take out a loan for the rest of the cost from the U of I Credit Union for 1.99% APR for 60 months. What will be Prof. Finances monthly car loan payment?
| a. | $500.00 | |
| b. | $530.24 | |
| c. | $519.90 | |
| d. | $525.70 | |
| e. | $524.83 |
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Challenging Global Finance
Authors: Elizabeth Friesen
2012th Edition
0230348793, 978-0230348790
