What is the amount of the 41 regular monthly loan


"You want to buy a new Tesla car that will cost $200.5k. The bank will lend you the money at 9% p.a. compounded monthly over three and half years. To reduce the amount of the loan repayment you make a special payment at the end of the loan of $108k. The $108k payment is instead of the monthly loan payments. What is the amount of the 41 regular monthly loan repayments on this three and half year loan?"

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the amount of the 41 regular monthly loan
Reference No:- TGS02865403

Expected delivery within 24 Hours