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Suppose that you borrow $10,000 for three years at 8% toward the purchase of a car. Use PMT. -nl to find the monthly payments and
Suppose that you borrow $10,000 for three years at 8% toward the purchase of a car. Use PMT. -nl to find the monthly payments and the total interest for the loan 1 - The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $ (Use the answer from part (a) to find this answer. Round to the nearest cant as needed.)
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Ibrahim M. Aly, Donald E. Kieso
6th Canadian Edition
1119731828, 9781119731825
