what would be your monthly car note if you bought a car for $24250, you paid...
what would be your monthly car note if you bought a car for $24250, you paid off the loan in 5 years and interest on the loan was 4.25%?
use BA II Plus calculator!!
Homework Answers
PV = -24250
N = 5*12 = 60
I/Y = 4.25%/12 = 0.3542 %
Find PMT
This is 449.34
Hence the monthly payment is $449.34
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