How much will your monthly payment? My payment will be a month $_______. B. By the end of the loan what will be the total of all your payments? The total of all my payments will be $________. C. How much interest will you pay over the life of the loan? I will pay $_________ in interest over the life of the loan.
How much will your monthly payment? My payment will be a month $_______. B. By the end of the loan what will be the total of all your payments? The total of all my payments will be $________. C. How much interest will you pay over the life of the loan? I will pay $_________ in interest over the life of the loan.
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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Question
You decide to finance a $10,000.00 car at a 7% interest rate for 4 years.
A. How much will your monthly payment?
- My payment will be a month $_______.
B. By the end of the loan what will be the total of all your payments?
- The total of all my payments will be $________.
C. How much interest will you pay over the life of the loan?
- I will pay $_________ in interest over the life of the loan.
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