Question
To buy a brand-new car, 60 monthly payments of $325.00 will be needed to settle the car loan with a $4500 down payment. Determine the
To buy a brand-new car, 60 monthly payments of $325.00 will be needed to settle the car loan with a $4500 down payment. Determine the price of the car if the interest rate is 8.7% compounded monthly. ($20,266.70) Cannot use Excel!
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Introductory Econometrics For Finance
Authors: Chris Brooks
3rd Edition
1107661455, 9781107661455
