Solved

You Have Just Purchased a Car from Friendly Sam

Question 43

Essay

You have just purchased a car from Friendly Sam. The selling price of the car is $6,500. If you pay $500 down, then your monthly payments are $317.22. The annual interest rate is 24%. How many payments must you make?

Correct Answer:

verifed

Verified

i=24/2, PV...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions