You decide that you must have a new car immediately. The best loan terms you can...
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You decide that you must have a new car immediately. The best loan terms you can get are 4 years, 6% APR with monthly payments and compounding. If you buy a $25,000 car, how much more would your monthly payments be if you pay at the end of each month rather than the beginning? Please enter your answer in dollars to two decimals without the $ sign. You decide that you must have a new car immediately. The best loan terms you can get are 4 years, 6% APR with monthly payments and compounding. If you buy a $25,000 car, how much more would your monthly payments be if you pay at the end of each month rather than the beginning? Please enter your answer in dollars to two decimals without the $ sign.
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Answer rating: 100% (QA)
When monthly payments are made at the end of each month the loan is compounded monthly To calculate ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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