Question
The following ad was placed by a used car dealer in town. $2,000 down+ $99 for first 12 months+ $199 for 36 months. What is
The following ad was placed by a used car dealer in town.
$2,000 down+
$99 for first 12 months+
$199 for 36 months.
What is the price of the car if the interest rate is 12% per year?
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
