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Using the following information. what is the cost to buy a car? Down payment $5, 500 Monthly loan payment $645 per month for a seven-year
Using the following information. what is the cost to buy a car? Down payment $5, 500 Monthly loan payment $645 per month for a seven-year loan Opportunity cost of down payment $5,500 * loan period (in years) x 2% interest Estimated value of vehicle at end of ownership period $6, 500 Multiple Choice $47,680.00. O $54,180.00. $53,950.00. $5,500.00. $59.680.00
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
