Question
Same car as before: You would like to buy a car with 3 year, $15,000 (ordinary annuity) amortized loan with monthly payments. Your interest rate
Same car as before: You would like to buy a car with 3 year, $15,000 (ordinary annuity) amortized loan with monthly payments. Your interest rate is 6%.. cy = _______ py = ________ End or Bgn mode (circle one) N_______________ I/Y______________ PV____________ FV______________ PMT = ____________ *****QUESTION FOR THIS PART******: How much interest would you pay in the first year of the loan?
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Capital Budgeting
Authors: Pamela P. Peterson
1st Edition
0471218332, 9780471218333
