Problemif your car payment is 399 per month for a 60 months, Ask an Expert

Accounting

Problem:

If your car payment is $399 per month for a 60 months period at an interest rate of 1% per month,

Required:

Question 1: What is the original amount financed? and

Question 2: What are your total payments?

Note: Provide specific examples to support your answers.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171713

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