Terry can afford 200 a month car payment his bank offers to


1. Terry can afford $200 a month car payment. His bank offers to loan him money at 12% annually with monthly compounding (an APR) over 5 years.

A. How expensive is the car?

B. How much money will terry have paid back at the end of 5 years?

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Financial Management: Terry can afford 200 a month car payment his bank offers to
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