Question
You borrow $15,000 with an interest rate of 12% APR compounded monthly to purchase a car. You make equal monthly payments for 3 years, with
You borrow $15,000 with an interest rate of 12% APR compounded monthly to purchase a car. You make equal monthly payments for 3 years, with the first payment due at the end of the first month. How much is each payment? What if the first payment is due today?
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The Dark Side Of Valuation
Authors: Aswath Damodaran
2nd Edition
0137126891, 9780137126897
