Question
Rachel purchased a $16,000 car three years ago using a 10 percent, 6-year loan. She has decided that she would sell the car now, if
Rachel purchased a $16,000 car three years ago using a 10 percent, 6-year loan. She has decided that she would sell the car now, if she could get a price that would pay off the balance of her loan.
!!!What is the minimum price Rachel would need to receive for her car!!!!
PLEASE SHOW STEPS AND BAII PLUS CALC STEPS
THE ANSWER IS NOT 11,645.19 the last guy got it worng and no excel sheets please
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The ACT Guide To Ethical Conflicts In Finance
Authors: Andreas Prindl, Bimal Prodhan
1st Edition
1855732564, 978-1855732568
