Problemyou borrow 5330 to buy a car the terms of the loan, Ask an Expert

Finance

Problem:

You borrow $5,330 to buy a car. The terms of the loan call for monthly payments for 6 years a rate of interest of 7 percent.

Required:

Question: What is the amount of each payment?

$59.78
$84.68
$90.87
$82.96
$59.00

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163372

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