Question
You are looking to buy a car. You can afford $670 in monthly payments for five years. In addition to the loan, you can make
You are looking to buy a car. You can afford $670 in monthly payments for five years. In addition to the loan, you can make a $770 down payment. If interest rates are 8.50 percent APR, what price of car can you afford (loan plus down payment)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
