Question
You want to buy a car, and a local bank will lend you $33,000. The loan would be fully amortized over 6 years (72 months),
You want to buy a car, and a local bank will lend you $33,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 13%, with interest paid monthly.
What is the monthly loan payment?
What is the loans EFF%?
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
