Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $3...

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Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $34,000 at 3.

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Answer 1

Answer #1

No.of days = 21+365+31+28+08 453 Interest Principal*Rate*No of days/365 34000*3.25%*453/365 $1,371.41

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Answer 2

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Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $3...

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Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $32,300...

+-/3 points TanFin11 5.3.038. My Notes Darla purchased a new car during a special sales promotion by the manufacturer....

Problem 5-9 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are...

Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $3...

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Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $32,300...

+-/3 points TanFin11 5.3.038. My Notes Darla purchased a new car during a special sales promotion by the manufacturer....

Problem 5-9 Present Value of a Perpetuity (LG5-5) What's the present value, when interest rates are...

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Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $3...