Under the terms of her finance agreement she is required to


Lupe made a down payment of $2200 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $210/month for 48 mo. What is the cash price of the car? (Round your answer to the nearest cent.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Under the terms of her finance agreement she is required to
Reference No:- TGS02724624

Expected delivery within 24 Hours