A car dealer offers you a car loan with payments of 6,000, semi-annually, for 3 years. If

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A car dealer offers you a car loan with payments of 6,000, semi-annually, for 3 years. If the posted APR on the loan is 3%, what is the cost of the car?

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Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Apr 09, 2024 01:23 PM

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A car dealer offers you a car loan with payments of 6,000, semi-annually, for 3 years. If

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The formula for Present Value of an annuity to calculate the cost of the ... View the full answer

Fundamentals of Financial Management

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