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QUESTION 3 Suppose that you can afford to make an installment payment of 5236 per month over the next 36 months to buy a
Posted: Wed Mar 09, 2022 8:41 am
by answerhappygod
- Question 3 Suppose That You Can Afford To Make An Installment Payment Of 5236 Per Month Over The Next 36 Months To Buy A 1 (12.33 KiB) Viewed 35 times
QUESTION 3 Suppose that you can afford to make an installment payment of 5236 per month over the next 36 months to buy a car and you can borrow at an interest rate of 1% per month (Installment payment is made at the end of each month) How much interest expense would you incur at the end of the the second month? (Round it to a whole numbers required