Question
Two years ago you purchased a new SUV. You financed your SUV for 60 months (with payments made at the end of the month) with
Two years ago you purchased a new SUV. You financed your SUV for 60 months (with payments made at the
end of the month) with a loan at 6.0% APR. You monthly payments are $625 and you have just made your
24th monthly payment on your SUV.
What is the amount of your original loan?
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
