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A student purchased a used car for $12,000. She wrote a check for $3,000 as a down payment for the car and financed the
Posted: Fri Jul 01, 2022 8:37 am
by answerhappygod
- A Student Purchased A Used Car For 12 000 She Wrote A Check For 3 000 As A Down Payment For The Car And Financed The 1 (15.92 KiB) Viewed 35 times
A student purchased a used car for $12,000. She wrote a check for $3,000 as a down payment for the car and financed the $9,000 balance. The annual percentage rate (APR) is 8% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years. Which of the following is most near to her monthly car payment?