Question
You decide to finance a $12,000.00 car at a 3% interest rate for 6 years. A. How much will your monthly payment? My payment will
You decide to finance a $12,000.00 car at a 3% interest rate for 6 years. A. How much will your monthly payment?
- My payment will be a month. Hint
B. By the end of the loan what will be the total of all your payments?
- The total of all my payments will be . Hint
C. How much interest will you pay over the life of the loan?
- I will pay in interest over the life of the loan.
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
