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You buy a car today for $76,300 making a $10,000 down payment and borrowing the balance from your bank with a 84 month fully amortized
You buy a car today for $76,300 making a $10,000 down payment and borrowing the balance from your bank with a 84 month fully amortized loan. The loan has a 9.0% annual percentage rate (APR). What is your monthly loan payment? What is your expected balance after five years (60 months)? Round your final answers to the nearest dollar. Blank \# 1 A Blank \# 2 A Step by Step Solution
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
