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You want to buy a $9,650 car and the dealer offers you a 6-year loan with an 1.85% APR and no down payment required -
"You want to buy a $9,650 car and the dealer offers you a 6-year loan with an 1.85% APR and no down payment required - Assuming monthly compounding, what will the monthly payments be?"
| $222.83 | ||
| $243.61 | ||
| $134.03 | ||
| $141.71 | ||
| $168.91 | ||
| $134.78 | ||
| $136.51 |
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
1st Edition
0131163604, 9780131163607
