Question
Suppose that you borrow $12,000 for three years at 6% toward the purchase of a car. Use PMT= find the monthly payments and the
Suppose that you borrow $12,000 for three years at 6% toward the purchase of a car. Use PMT= find the monthly payments and the total interest for the loan. A 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 cent as needed.) to nt
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
