Question: please answer both questionsI just need the present value You want to buy a car, and a local bank will lend you ( $ 20,000
please answer both questionsI just need the present value You want to buy a car, and a local bank will lend you \( \$ 20,000 \). The loan will be fully amortized over 5 years ( 60 months), and the nominal interest rate will be \( 10 \% \) with interest paid 2 answers
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