Question
Suppose that you wish to buy a new car that will cost you $45000. You must put $9000 down, and will finance the rest at
Suppose that you wish to buy a new car that will cost you $45000. You must put $9000 down, and will finance the rest at 4% APR for the next 60 months, paid at the beginning of each month. What will your monthly payments be?
Group of answer choices
$660.79
none of them
$825.99
$743.39
$991.19
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
