Question
You wish to buy a $26,000 car. The dealer offers you a 6-year loan with a 8 percent APR. What are the monthly payments? (Do
| You wish to buy a $26,000 car. The dealer offers you a 6-year loan with a 8 percent APR. What are the monthly payments? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Payment | $ per month |
| How would the payment differ if you paid interest only? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Payment | $ per month |
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The Preppers Financial Guide
Authors: Jim Cobb
1st Edition
1612434037, 978-1612434032
