Question
Steve bought a new car for $14 888 and financed it at 8% compounded semi-annually. He wants to pay off the debt in three years
Steve bought a new car for $14 888 and financed it at 8% compounded semi-annually. He wants to pay off the debt in three years by making payments at the end of each month. How much will he need to pay each month?
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Get StartedRecommended Textbook for
Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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