A $31,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly payments on this loan? A. $892.01 B. $754.78 C. $823.40 D. 686.16 Please use BA II where applicable.
A $31,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly payments on this loan? A. $892.01 B. $754.78 C. $823.40 D. 686.16 Please use BA II where applicable.
Chapter7: Budgeting
Section: Chapter Questions
Problem 11EB: Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase,...
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Question
A
$31,000
new car loan is taken out with the terms
3%
APR for 48 months. How much are monthly payments on this loan?$892.01
$754.78
$823.40
686.16
Please use BA II where applicable.
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