Question: Todd is able to pay $280 a month for 5 years for a car. If the interest rate is 5.9 percent, how much can Todd
Todd is able to pay $280 a month for 5 years for a car. If the interest rate is 5.9 percent, how much can Todd afford to borrow to buy a car?
How do you enter this information into the financial calculator--What is PV, FV, PMT, I/Y, N?
Thank you!!
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