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You took out a loan to buy a new car. The monthly interest rate on the loan is 0.4%. You have to pay $260 every
You took out a loan to buy a new car. The monthly interest rate on the loan is 0.4%. You have to pay $260 every month for 60 months, starting one month from now.
What is the present value of the cash flows?
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Personal Finance
Authors: Jack Kapoor
12th Edition
125996776X, 9781259967764
