Question
You have decided you are going to buy a car that costs $35,000. You have $7,000 to put down as a down payment and you
You have decided you are going to buy a car that costs $35,000. You have $7,000 to put down as a down payment and you are going to borrow the balance. The credit union loan officer says she can offer you a 5.9% rate for 4 years for your loan. How much will your monthly loan payment be (Rounded
to 4 decimal points)?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
