your client needs to buy a car the vehicle price is 29200 and they intend to make
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Question:
your client needs to buy a car the vehicle price is 29200 and they intend to make a down payment of 4800
assume compounding and payments at 12 times per year
interest rate = 5.60%
period = 8 years
annual gross income = 74500
rent with utilities = 450
existing debt payments per month = 450
how much will the loan payment be?
Expert Answer:
To calculate the monthly loan payment we can use the formula for the monthly pay... View the full answer
Related Book For 
Spreadsheet Modeling and Decision Analysis A Practical Introduction to Business Analytics
ISBN: 978-1285418681
7th edition
Authors: Cliff Ragsdale
Posted Date:
