Question
You plan to take out a $10,000 car loan. It is a 5-year loan requiring monthly loan payments of equal amount. The interest rate on
You plan to take out a $10,000 car loan. It is a 5-year loan requiring monthly loan payments of equal amount. The interest rate on the loan is 4.5%. What will be your monthly payment for this car loan?
a. $193.26
b. $166.67
c. $204.17
d. $212.08
e. $186.43
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
