Question
Ravi Shankar plans to purchase a car for $62,800 and he has $8,200 as a down payment. He will need to borrow the rest and
Ravi Shankar plans to purchase a car for $62,800 and he has $8,200 as a down payment. He will need to borrow the rest and plans to get a loan for 3 years at 3.90%. His monthly payments on the loan will be closest to:
| A. | $1,609.58. | |
| B. | $1,432.13. | |
| C. | $1,250.53. |
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
