Question: Can you solve but show the math please, Thanks. 7. You are purchasing a new car today. The price of the car is $35.000. You
Can you solve but show the math please, Thanks.
7. You are purchasing a new car today. The price of the car is $35.000. You make $5,000 down payment (this means your loan amount will be reduced by S5,000). You are taking 5-year loan that requires you to make monthly payments with the first payment one month from today. If the interest rate of this loan is 12%, what is the payment amount? a $778.56 b. $9.709.34 566733 d. 5528.36 e. S925.89 ily = 1/2 - 1 PV. 30,000 N-12x5 60 or from today, if you deposit
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