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You want to buy a car. The price of the car is $550,000. The annual interest rate is 12% and you would be making payments
You want to buy a car. The price of the car is $550,000. The annual interest rate is 12% and you would be making payments quarterly at the end of each quarter. If you get a loan to buy the car, how much would your quarterly payment be if you are financing it over 20 years? |
If possible please show in excel
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