Question
You are planning to buy a new car and will take out a loan to cover the cost of the car. The bank offers to
You are planning to buy a new car and will take out a loan to cover the cost of the car. The bank offers to give you a 5-year loan for $57,000 at an interest rate of 5.85%.
How much is your monthly payment?
How much interest would you be paying total after 2 months of payments?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
