Question
Two years ago, you purchased a new SUV. You financed your SUV for 72 months (with payments made at the end of the month) with
Two years ago, you purchased a new SUV. You financed your SUV for 72 months (with payments made at the end of the month) with a loan at 9.15% APR. Your monthly payments are $488.05, and you have just made your 24th monthly payment on your SUV. If you have made all the payments on time, what is the outstanding principal balance on your SUV loan?
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
4th Edition
0130402664, 9780130402660
