Armando buys a car for $ 450,000 and is going to pay it as follows: down 20% and two payments at the end of the third and sixth months. If the interest rate is 1.50% effective per month, calculate the value of the second payment if it is twice the first payment.

Answer rating: 100% (QA)

Down payment 450000 x 020 90000 Fir... View the full answer