Question
You have decided to buy your first car and settled on a Toyota Corolla for $23,000 plus 13% HST or $25,990. You have a down
You have decided to buy your first car and settled on a Toyota Corolla for $23,000 plus 13% HST or $25,990. You have a down payment of $6,000, but need to finance the remaining $19,990. Toyota financing is offered at 2.49% APR, and since you plan to pay monthly, the dealership will compound this rate monthly.
Q: Calculate the monthly loan payments if the loan is amortized over 60 months.
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Parimutuel Applications In Finance New Markets For New Risks
Authors: Ken Baron, Jeffrey Lange
1st Edition
1403939500, 9781403939500
