Question
You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years and the
You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years and the nominal interest rate will 15%. What will be the annual loan payment?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
