A car costs $20,000. After a down payment of $4000, the balance will be paid off in
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A car costs $20,000. After a down payment of $4000, the balance will be paid off in 48 monthly payments, with interest of 7% per year on the unpaid balance. Find the amount of each payment.
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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