Question
Stan Loll bought a used car for $9,200. The used car dealer offered him a four-year add-on interest loan at 7.8% interest, with an APR
Stan Loll bought a used car for $9,200. The used car dealer offered him a four-year add-on interest loan at 7.8% interest, with an APR of 8.0%. The loan requires a 10% down payment. (a) Find the monthly payment. (Round your answer to the nearest cent.) $ (b) Verify the APR. (Round your answer to two decimal places.) %?
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Financial Intelligence For IT Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119149, 9781422119143
