Suppose Capital One is advertising a 60-month, 5.13 % APR motorcycle loan. If you need to...
Suppose Capital One is advertising a 60-month, 5.13 % APR motorcycle loan. If you need to borrow $ 7, 700 to purchase your dream Harley-Davidson, what will be your monthly payment?
Homework Answers
Using financial calculator
N=60
I/Y=5.13%/12
PV=-7700
FV=0
CPT PMT=145.77
Monthly payment is 145.77
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Suppose Capital One is advertising a 60-month, 5.13 % APR
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