Question
You want to buy a new SUV from your local Ford dealer. The total price of the SUV is $40,000 including tax ,tag ,title, and
You want to buy a new SUV from your local Ford dealer. The total price of the SUV is $40,000 including tax ,tag ,title, and all fees. You can afford to pay 15% as a down payment and will need to finance the remainder. Ford credit offers you a special student rate 2.75% (compounded monthly) for 72 months. You will make monthly payments starting 1-month from today). What is the monthly payment?
Answer choices:
A.$603.28
B. $543.79
C.$500.92
D. $512.79
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
