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The ad for a 4-door sedan claims that a monthly payment of $299constitutes 0% financing. Explain why that is false. Find the annual interest rate
The ad for a 4-door sedan claims that a monthly payment of $299constitutes 0% financing. Explain why that is false. Find the annual interest rate compounded monthly that is actually being charged for financing 17495 with 60 monthly payments of 299The advertisement is false, because for 0% financing, the monthly payments should be how much instead of 299
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Foundations Of Real Estate Financial Modelling
Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
