You want to purchase a sport car that costs $32,500. You want to finance as much of the purchase as possible with a 6-ye

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answerhappygod
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You want to purchase a sport car that costs $32,500. You want to finance as much of the purchase as possible with a 6-ye

Post by answerhappygod »

You want to purchase a sport car that costs $32,500. You want to
finance as much of the purchase as possible with a 6-year bank loan
with an APR of 6.25%. You can afford loan payments of $405 per
month. How much will you need as a down payment to buy the sport
car?
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