You are buying a new car for $31,800.00. You have $5,000 for a down payment and you
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You are buying a new car for $31,800.00. You have $5,000 for a down payment and you wish to fi nance the remainder over 4 years. The car dealer offers you a 7% loan with up -
front costs of $250. You take possession of the car on May 1, 2009 and your fi rst loan payment is due the same day. How much are your monthly payments?
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Understanding The Mathematics Of Personal Finance An Introduction To Financial Literacy
ISBN: 9780470497807
1st Edition
Authors: Lawrence N. Dworsky
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