Question
Zack wants to buy a new car. After the down payment, a loan of $22,000 is needed. The annual interest rate is 2%. What is
Zack wants to buy a new car. After the down payment, a loan of $22,000 is needed. The annual interest rate is 2%. What is the MONTHLY payment on a 4-year loan, rounded to the nearest cent ($xxx.xx)?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
