Ms. Lanz takes out a $9,000 loan to buy a used car for her daughter. She gets a 4-year loan at 8.75% interest. Her payments will be $222.90 a month. What is the total repayment of the loan? F $9891.60 G $16,992.00 H $10,699.20 Not Here
Ms. Lanz takes out a $9,000 loan to buy a used car for her daughter. She gets a 4-year loan at 8.75% interest. Her payments will be $222.90 a month. What is the total repayment of the loan? F $9891.60 G $16,992.00 H $10,699.20 Not Here
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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