Description auto loandebtor regional bankinterest rate, Ask an Expert

Finance

Description: Auto Loan

Debtor: Regional Bank

Interest Rate: 5.0%

Payment: $483

Payment Frequency: Monthly

Original Balance: $30,000

Origination Date: 2/2015

Term in Months: 72

Compute the short-term and long-term portions of the auto loan.

Please explain and show step by step calculations.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92316704

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