If you can get a similar loan from a bank at apr of 12 what, Financial Management

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If you can get a similar loan from a bank at apr of 12 what

If a dealer offers you a car at $275 monthly payment for 5 years plus $5,000 down. If you can get a similar loan from a bank at APR of 12%, what is the price that you're paying?

Down payment

Monthly payment

Loan period

months APR

No. of compounding

times per year

Monthly rate

Present Value

Book formula

Excel function

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Financial Management: If you can get a similar loan from a bank at apr of 12 what

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Financial Management: If you can get a similar loan from a bank at apr of 12 what

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