You are interested in purchasing a new automobile that costs $35.000. The dealership offers you a special financing rate of 6 in APR for 48 months. The repayment needs to be made on the monthly frequency. Assume that you do not make any down payment on the auto and take the dealer's financing deal. What is your monthly car payment? O $1533.4 O S8.059.65 O s821.98 O 5729.2

You are interested in purchasing a new automobile that costs $35.000. The dealership offers you a special financing rate of 6 in APR for 48 months. The repayment needs to be made on the monthly frequency. Assume that you do not make any down payment on the auto and take the dealer's financing deal. What is your monthly car payment? O $1533.4 O S8.059.65 O s821.98 O 5729.2

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 15P

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