a gets a 5 year, $10,000 car loan with montly payments at 6% APR. What is the amount of his monthly payment? a) $193.33 b) $618.76 c) $2,373.96 d) $283.43
a gets a 5 year, $10,000 car loan with montly payments at 6% APR. What is the amount of his monthly payment? a) $193.33 b) $618.76 c) $2,373.96 d) $283.43
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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Question
Sosa gets a 5 year, $10,000 car loan with montly payments at 6% APR. What is the amount of his monthly payment?
a) $193.33
b) $618.76
c) $2,373.96
d) $283.43
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