Question
Suppose that you decide to buy a car for $27,635, including taxes and license fees. You saved $6,000 for a down payment and can get
Suppose that you decide to buy a car for $27,635, including taxes and license fees. You saved $6,000 for a down payment and can get a four-year car loan at
7.54%. Find the monthly payment and the total interest for the amortized loan.
*Please can you show how you got the answer/show formulas.
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Short Term Financial Management
Authors: Ned C. Hill, William L. Sartoris
3rd Edition
0023548320, 978-0023548321
