Question
The Shelby Cobra retails for $20,584 (all taxes included).What are the monthly loan payments for the car if you make a down payment of $4,097
The Shelby Cobra retails for $20,584 (all taxes included).What are the monthly loan payments for the car if you make a down payment of $4,097 the term is 2 years and the APR is 3.5%? (Car loan payments are made at the end of each month.)?
I produced $368.58 with an auto loan calculator, after subtracting the $4,097 from the principle of 20,584
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
