You bought a Tesla Model 3 for $45,381 and the auto loan is 60-month fixed rate loan

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You bought a Tesla Model 3 for $45,381 and the auto loan is 60-month fixed rate loan with interest rate of 2.4% per year. What is your monthly payment? (Round to the nearest dollar.)

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Posted Date: May 09, 2024 07:19 AM

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You bought a Tesla Model 3 for $51009 and the auto loan is 60-month fixed rate loan with interest rate of 2.4% per year. What is your monthly payment? (Round to the nearest dollar) Answer:
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You bought a Tesla Model 3 for $45,381 and the auto loan is 60-month fixed rate loan

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To calculate the monthly payment for a fixedrate auto loan we can use the loan paymen... View the full answer

Contemporary Engineering Economics

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