What is the price of a car if the loan from the bank to buy it involves
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What is the price of a car if the loan from the bank to buy it involves annual payments of $6,100.00 to the bank for 5 years at an annual interest rate of 11.79 percent with the first annual payment made to the bank in 1 year and a special payment of $4,110.00 to the bank in 3 years?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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