You want to buy a car and a local bank will lend you 10000, Finance Basics

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You want to buy a car and a local bank will lend you 10000

You want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized over 4 years (48 months), and the nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? Round your answer to the nearest cent.

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Finance Basics: You want to buy a car and a local bank will lend you 10000

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Finance Basics: You want to buy a car and a local bank will lend you 10000

Reference No:- TGS0614317

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: You want to buy a car and a local bank will lend you 10000

Reference No:- TGS0614317

Recent Questions Asked Finance Basics

Q : A piece of silver is dropped in a container of water write

Q : A bird watcher meanders through the woods walking 0506 km

Q : Benkarts tire store has fixed costs of 220000 tires sell

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