Question
Three years ago, you purchased a car and financed your purchase with a five-year loan at 8% per annum. You were making monthly payments of
Three years ago, you purchased a car and financed your purchase with a five-year loan at 8% per annum. You were making monthly payments of $811.00 on the car loan and you have just made your 36th monthly payment today. The amount of your original loan is closest to?
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
