LVT needs $228,000 to finance the purchase of a new truck. Assuming the truck is financed for
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Question:
LVT needs $228,000 to finance the purchase of a new truck. Assuming the truck is financed for 4 years, compounded monthly at the 6.2% APR Compute the following:
USE EXCEL
a. LVT’s monthly payment
b. Amortization schedule for entire 48 months.
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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