You are making car payments of 500 SAR per month for the next 5 years, you...
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You are making car payments of 500 SAR per month for the next 5 years, you know that your car loan has an interest rate of 8.4%, discounted monthly, what was the initial price of the car? Rate Nper FV Payment 0.084 60 PV 0 -500 Periods = 5 years x 12 months You are making car payments of 500 SAR per month for the next 5 years, you know that your car loan has an interest rate of 8.4%, discounted monthly, what was the initial price of the car? Rate Nper FV Payment 0.084 60 PV 0 -500 Periods = 5 years x 12 months
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Answer rating: 100% (QA)
A1 2 Given Rate is 3 Nper is 4 PMT 5 Fv B 6 7 Present value formula is PVratenperpmtfv 8 ... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
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