You purchase a car for 35000 putting a 10000 down payment, Financial Management

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You purchase a car for 35000 putting a 10000 down payment

You purchase a car for $35000, putting a $10,000 down payment. you then finance the remaining balance by giving $500 month end payments at a rate of 12%compunded quaterly. at the end of your payment stream, you will pay an addtional fee of $5000. determine how many payments you will make.

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Financial Management: You purchase a car for 35000 putting a 10000 down payment

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