You decide to finance a $21,000.00 car at a 4% interest rate for 4 years. A. How much will your monthly payment? My payment will be $______ a month B. How much interest will you pay over the life of the loan? I wil pay $______ in interest over the life of the loan
You decide to finance a $21,000.00 car at a 4% interest rate for 4 years. A. How much will your monthly payment? My payment will be $______ a month B. How much interest will you pay over the life of the loan? I wil pay $______ in interest over the life of the loan
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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You decide to finance a $21,000.00 car at a 4% interest rate for 4 years.
A. How much will your monthly payment?
- My payment will be $______ a month
B. How much interest will you pay over the life of the loan?
- I wil pay $______ in interest over the life of the loan
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