Question
You borrow $24598 to buy a car. You will have to repay this loan by making equal monthly payments for 6 years. The bank quoted
You borrow $24598 to buy a car. You will have to repay this loan by making equal monthly payments for 6 years. The bank quoted an APR of 18%. How much is your monthly payment (in $ dollars)? $________.
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
