Suppose you would like to buy a $ 4 8 , 0 0 0 SUV with $ 6 , 0 0 0 down The auto company will finance the remaining $ 4 2 , 0 0 0 at 3 5 annual interest with monthly payments over the next 5 years What will your monthly payment be Show work Spreadsheet Answer

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Suppose you would like to buy a $ 4 8 , 0 0 0 SUV with $ 6 , 0 0 0 down. The auto

Suppose you would like to buy a $

48, 000

SUV with $

6, 000

down. The auto

company will finance the remaining $

42, 000

3.5 %

annual interest with monthly

payments over the next

5

years. What will your monthly payment be

?

Show work:

Spreadsheet Answer

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