Question: May I ask for its clear computation. Thank you. Car Payment: A : Present Value Amount 1+0.004991667 7-24 i : Interest rate 1-i n :

May I ask for its clear computation. Thank you. Car Payment: A : Present Value Amount 1+0.004991667 7-24 i : Interest rate 1-i n : No. of terms = 5,000 0.004991667 1+ij-n 1-4 PMT PV = = 5,000 (0.04431...

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