Question
You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is
You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% and you intend to pay for the car over five years. What will be your monthly payment?
$552.42
$566.67
$637.41
$433.33
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
