Question
Question 5: A university graduate bought a new car. The cash price is $ 36,000; he made a $ 2,000 down payment on it. The
Question 5:
- A university graduate bought a new car. The cash price is $ 36,000; he made a $ 2,000 down payment on it. The bank's loan was for 20 months. Finance charges totaled $ 10,000. What was the monthly payment?
- A steel factory bought a new equipment. The cash price of the equipment is $ 18,000, putting down $ 7,600 and financing the remainder with 20 monthly payments of $ 578 each. Find the APR by table lookup.
C. A university graduate bought a new car. The cash price is $19,000; he made a $ 1,400 down payment on it. The bank's loan was for 20 months. Finance charges totaled $ 4,900. What was the monthly payment?
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Audit And Management Of The Company
Authors: Trésor Ilunga KAMPELA, Bernard KAYIMBW MANETA
1st Edition
6205405253, 978-6205405253
