Question 4 10 pts You're eyeing on to purchase a $23,000 vehicle. With a $9.000 down...

Question

Question

Answer 1

Answer #1

Amount of loan taken =23000-9000 =14000

Monthly payments are calculated using the PMT function:-

=PMT(rate,nper,pv)

=PMT(5%/12,3*12,14000)

=419.59

Answer 2

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