Banana purchased a car for $20,000 three years ago using an 10% six year loan for the
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Banana purchased a car for $20,000 three years ago using an 10% six year loan for the entire amount. Loan payments are made monthly. Now she wants to sell the car and payoff the loan. What is the minimum selling price needed to payoff the loan?
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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