You have decided to buy a car worth $23,400. Because you don't have a large down payment,
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You have decided to buy a car worth $23,400. Because you don't have a large down payment, the lender offers you a loan with a compound monthly interest rate of 5.89 percent for 6 years and the first monthly payment today. What is the amount of your loan payment?
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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