In late November 2014, a car dealership in southern Wisconsin was offering a new 2014 Toyota Corolla LE sedan for $18,299 (not including sales tax, registration, license plates, title, and $125 “dealer documentation fee”) at 0% annual interest over 36 months. What would be the monthly payment? (Fill in the blank below and round your answer to 2 decimal places.) The monthly payment was $______.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 12EA: Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank...
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In late November 2014, a car dealership in southern Wisconsin was offering a new 2014 Toyota Corolla LE sedan for $18,299 (not including sales tax, registration, license plates, title, and $125 “dealer documentation fee”) at 0% annual interest over 36 months.

What would be the monthly payment?

(Fill in the blank below and round your answer to 2 decimal places.)

The monthly payment was $______.
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