Question
You are interested in purchasing a new automobile that costs $32,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month
You are interested in purchasing a new automobile that costs $32,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to:
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
