You want to buy a car and a local bank will lend you 12000
You want to buy a car, and a local bank will lend you $12,000. The loan would be fully amortized over 5 years (60 months), and the nominal interest rate would be 8.75%, with interest paid monthly. What is the monthly loan payment?
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you want to buy a car and a local bank will lend you 12000 the loan would be fully amortized over 5 years 60 months and
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