Question
You take out a $27,000 loan to buy a car. The finance department at the dealership quoted you an APR of 3.7% for a 3-year
You take out a $27,000 loan to buy a car. The finance department at the dealership quoted you an APR of 3.7% for a 3-year loan with monthly payments. Right after you make your 18th payment, you inherit some money and decide to pay off the rest of your loan. What is your remaining principal balance at that time?
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
12th Edition
0030258723, 9780030258725
