Question
You are financing a car worth $59,221.71 with tax included. Interest rates are 12% compounded daily. Payments are monthly and made at the end of
You are financing a car worth $59,221.71 with tax included. Interest rates are 12% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 4 years. You have a down payment of $1,787.
Assume you drive 2,155 km in 4 years. Calculate the cost per kilometre per year. Round your answer to two decimal places. Do not enter the dollar sign. Sample input: 3.51
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
