What is the cost to purchase the following car? Down payment: $ 3,000 Monthly loan payment: $
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Question:
What is the cost to purchase the following car?
Down payment: | $ 3,000 | |||
Monthly loan payment: | $ 350 | /mo | ||
Loan term: | 6 | years | ||
Lost interest on down payment: | 2% | |||
Estimated value at end of loan term: | $ 4,000 | |||
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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