Question

You buy a car for $38,000. You agree to a 60-month loan with a monthly interest...

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

0 0
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Answer #1

rate positively .

Put in calculator
FV 0
PV -38000
I 0.573%
N 60
Compute PMT $750.2
ans = $750.2
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