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You are saving money to buy a Car. You will need $20,000 as the price of the car today. If you can make a down
You are saving money to buy a Car. You will need $20,000 as the price of the car today. If you can make a down payment now of $8000 , and want to pay the rest by installments,
- how much each deposit per month should be if you want to pay the rest of the amount in 24 months if the interest rate on the deposit is 6% per year?
- If you can deposit $664 per month how long will it take you to pay the residual amount from the price of the car?
Please give me details and 100% right answer.
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