Louiselle purchased a motor home for $9000 down, with the balance to be paid by 60 monthly
Question:
a. What was the purchase price of the motor home?
b. If the principal balance may be prepaid at any time, what is the payout amount two years after the purchase date (not including the scheduled payment on that date)?
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a Amount borrowed Present value of the payments b Payout ...View the full answer
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