Question
You have some extra cash this month and are considering putting it toward your car loan. Your interest rate is 7 percent; your loan payments
You have some extra cash this month and are considering putting it toward your car loan. Your interest rate is 7 percent; your loan payments are $600 per month; and you have 36 months left on your loan. What is the remaining balance on the loan?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
