The purchase of a car requires a 24587 loan to be repaid
The purchase of a car requires a $ 24,587 loan to be repaid in monthly installments for four years at 12% annual real interest rate. If annual inflation rate is 4 %, find the exra amount to be paid in 20th month due to inflation.
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the purchase of a car requires a 24587 loan to be repaid in monthly installments for four years at 12 annual real
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