Description
The Shelby Cobra retails for $32,523 (All taxes included). What are the monthly loan payments for the car if you make a down payment of $4,663, the term is 4 years and the APR is 14% (Car loans payments are made at the end of each month) What is the amount of the monthly payment? (Type to the nearest cent)
Explanation & Answer
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$3,506.09
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