Question
you have financed the purchase of a used mercedes with a 55,000 loan with a 5 year term, monthly payments, and an 8% stated annual
you have financed the purchase of a used mercedes with a 55,000 loan with a 5 year term, monthly payments, and an 8% stated annual rate. what is the amount of your monthly loan payment?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
