Question
You need to borrow $15,000 to buy a truck. The current loan rate is 9% annual, but it is compounded monthly and you want to
You need to borrow $15,000 to buy a truck. The current loan rate is 9% annual, but it is compounded monthly and you want to pay the loan off in equal monthly payments over 4 years. What is the size of your monthly payment ?
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Strategy For Personal Finance
Authors: Larry R. Lang
4th Edition
007036317X, 9780070363175
