You buy a car for $38,000. You agree to a 60-month loan with a monthly interest rate of 0.573 percent. | |||||||||||
What is your required monthly payment? |
$750.2 |
||
$760.2 |
||
$780.2 |
||
$800 |
||
$825.3 |
||
$850 |
||
$867 |
||
$900.2 |
rate positively .
Put in calculator | ||
FV | 0 | |
PV | -38000 | |
I | 0.573% | |
N | 60 | |
Compute PMT | $750.2 | |
ans = | $750.2 |
You buy a car for $38,000. You agree to a 60-month loan with a monthly interest...
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