Question

A car dealer offers you a loan with no interest charged for the term of three years. If you need to borrow $15,000, what will
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Answer #1
Monthly Payment :
Monthly Payment = Loan Amount
Number of year * 12
= $15,000.00
3 Years * 12
= $15,000.00
36 Months
= $416.67
Monthly Payment is $416.67
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