Question: how would you solve this on the ba ii plus? I keep getting the wrong answer You have decided to buy a car that costs
how would you solve this on the ba ii plus? I keep getting the wrong answer
You have decided to buy a car that costs $26,200. Since you do not have a big down payment, the lender offers you a loan with an APR of 6.03 percent compounded monthly for 7 years with the first monthly payment due today. What is the amount of your loan payment?
answer is: $381.21
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
