Question
The owner of a construction company purchased a cement mixer truck for $160,000 and made a down payment of $55,000. The remaining balance was financed
The owner of a construction company purchased a cement mixer truck for $160,000 and made a down payment of $55,000. The remaining balance was financed for 10 years at an annual interest rate of 7.75% compounded monthly. Find the monthly payment (in dollars). (Round your answer to the nearest cent.)
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
