A hummer h3 sells for 96000 tax included gmac lends money


A Hummer H3 sells for $96,000 tax included. GMAC lends money at the rate of 8.7% APR. If you buy the car and borrow through GMAC, then what are the monthly(end-of-month) payments for a7-year term?

What is the amount of the monthly payment?

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Financial Management: A hummer h3 sells for 96000 tax included gmac lends money
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