You would like to purchase a car that costs 25000 you have, Ask an Expert

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You would like to purchase a car that costs $25,000. You have $5,000 to use as a down payment and have found financing for the remainder at a rate of 6.25%. The financing repayment plan requires equal monthly payments for 4 years. What will your payment be? (Round your answer to the nearest dollar)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91769098

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