Question
You purchase an RV by making a down payment of $10,700. The terms of your finance agreement have an annual interest rate of 2.76%, compounded
You purchase an RV by making a down payment of $10,700. The terms of your finance agreement have an annual interest rate of 2.76%, compounded monthly, and require you to make 36 monthly payments of $1,492.75 each. What is the cash price (in dollars) of your RV? (Round your answer to the nearest dollar.)
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
