CAN U PLEASEE PLEASE PLEASE HELP ME WITH THISS 21. A bank recently loaned $18,204.00 to buy a car. The loan is for 4 years and is fully amortized. The nominal rate on the loan is 9.2%, and payments are made at the end of each month. What will be the remaining balance on the loan after you make payment number 35? 4,106.14 5,606.14 5,106.14 4,606.14 6,106.14
CAN U PLEASEE PLEASE PLEASE HELP ME WITH THISS 21. A bank recently loaned $18,204.00 to buy a car. The loan is for 4 years and is fully amortized. The nominal rate on the loan is 9.2%, and payments are made at the end of each month. What will be the remaining balance on the loan after you make payment number 35? 4,106.14 5,606.14 5,106.14 4,606.14 6,106.14
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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CAN U PLEASEE PLEASE PLEASE HELP ME WITH THISS
21. A bank recently loaned $18,204.00 to buy a car. The loan is for 4 years and is fully amortized. The nominal rate on the loan is 9.2%, and payments are made at the end of each month. What will be the remaining balance on the loan after you make payment number 35?
4,106.14
5,606.14
5,106.14
4,606.14
6,106.14
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