Suppose that you decide to buy a car for $31,635, including taxes and license fees. You saved $8000 for a down payment and can get a three-year car loan at 7.59%. Use PMT = to find the monthly payment and the total interest for the loan. - nt 1- 1+ The monthly payment is $ (Round to the nearest cent as needed.)

Suppose that you decide to buy a car for $31,635, including taxes and license fees. You saved $8000 for a down payment and can get a three-year car loan at 7.59%. Use PMT = to find the monthly payment and the total interest for the loan. - nt 1- 1+ The monthly payment is $ (Round to the nearest cent as needed.)

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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