Question
You are looking to buy a car. You can afford $410 in monthly payments for four years. In addition to the loan, you can make
| You are looking to buy a car. You can afford $410 in monthly payments for four years. In addition to the loan, you can make a $1,400 down payment. If interest rates are 8.00 percent APR, what price of car can you afford? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Present value |
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World Finance Since 1914
Authors: Paul Einzig
1st Edition
0415539471, 978-0415539470
