Marie Richard purchases a new sports car for $35,500. What is the monthly payment if Marie agrees to pay for the car in 48 months if the car dealer is offering an interest rate of 6.5% APR? Marie wishes to pay off the loan completely after one year of monthly payments. How much would this lump sum payment be?
How much would this lump sum payment be? Ordinary Annuities?
19
Feb
Ryan Gos
February 19, 2010 at 12:52 pm
$43,750