If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over the

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If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over the next four years, what is your monthly payment?

(a) $131

(b) $137

(d) $81

(e) $104

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Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: Dec 03, 2018 12:42 PM

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If you borrow $5,000 to buy a car at 12% compounded monthly, to be repaid over the

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Engineering Economy

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