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What will your monthly payment be for a car you purchase for $82,000 today where the bank will finance it for you for 47 months at 1.8% (APR)? O a. 1719 O b. 1764 O c. 1874 O d. 1860 e. 1808

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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Question

What will your monthly payment be for a car you purchase for $82,000 today where the bank will finance
it for you for 47 months at 1.8% (APR)?
O a. 1719
O b. 1764
c. 1874
O d. 1860
e. 1808

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