Question
Your car loan requires payments of $200 per month for the first year and payments of $400 per month during the second year. The annual
Your car loan requires payments of $200 per month for the first year and payments of $400 per month during the second year. The annual interest rate is 12 percent and payments begin now. What is the present value of this two-year loan? $6,308.80 $6,246.34 $6,347.83 $6,753.05
solve using plug in equation
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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
