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You decide that the loan payment in the previous question is too large for you. You know you can afford to make monthly payments of
You decide that the loan payment in the previous question is too large for you. You know you can afford to make monthly payments of $525 for 48 months. How much will the bank lend you today on a 6% APR car loan in exchange for your promised monthly payments? Round your answer to the nearest dollar. Your Answer: Answer
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
