A used car dealer in las cruces placed the following, Ask an Expert

Economics

A used car dealer in Las Cruces placed the following advertisement: $500 down now + $99 for the first 12 months + $199 for the following 48 months

a. What is the price of the car if the interest rate is 12% per year compounded monthly?

b. If financing is done at 12% APR, what would be the equivalent uniform monthly payment?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91387922

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