Question
You want to buy a $18,200 car and the dealer offers you a 7-year loan with an 7.55% APR and no down payment required -
"You want to buy a $18,200 car and the dealer offers you a 7-year loan with an 7.55% APR and no down payment required - Assuming monthly compounding, what will the monthly payments be?"
| $580.15 | ||
| $279.61 | ||
| "$1,377.15 " | ||
| $216.67 | ||
| $233.03 | ||
| "$1,151.93 " | ||
| $222.51 |
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Public Finance And Public Policy
Authors: Jonathan Gruber
2nd Edition
0716766310, 9780716766315
