Question
You want to buy a new car today for $15,000. The finance office at the dealership quotes you 12% annual rate on a 24-month loan.
You want to buy a new car today for $15,000. The finance office at the dealership quotes you 12% annual rate on a 24-month loan. What is your monthly car payment? the answer is $706.10 How did I get this, show work.
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
