Question
You want to buy a new car, but you can make an initial payment of only $2,700 and can afford monthly payments of at most
You want to buy a new car, but you can make an initial payment of only $2,700 and can afford monthly payments of at most $575.
If the APR on auto loans is 9% and you finance the purchase over 36 months, what is the maximum price you can pay for the car?
How much can you afford if you finance the purchase over 48 months?
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
