Question
To purchase a car worth $6,000 a buyer agrees to make $500 payments at the end of each month for eleven months and a final
To purchase a car worth $6,000 a buyer agrees to make $500 payments at the end of each month for eleven months and a final payment at the end of the year. If the interest rate is 18% compounded monthly, find the size of the final payment.
please provide how you found the answer the answer is *** 1153.10
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
