Question
To purchase a car, Sarah took out a 60-month loan for $30,500 with a 8% annual interest rate. After making 37 payments, Sarah received a
To purchase a car, Sarah took out a 60-month loan for $30,500 with a 8% annual interest rate. After making 37 payments, Sarah received a bonus from work and plans to use it to pay off the remaining balance. Calculate Sarah's monthly payment and the amount needed to pay off her loan.
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The Business Of Personal Finance
Authors: Joseph Calandro Jr, John Hoffmire
1st Edition
1032104562, 978-1032104560
