You are taking a car loan of 100000, for 5 years and monthly payment of 1648, the
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Question:
You are taking a car loan of 100000, for 5 years and monthly payment of 1648, the interest rate is 10.48%, and a final payment of 35000 at the end of the loan.
-Calculate all that necessary to help you determine if it is a good loan or not.
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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