A person receives an automobile loan of $30,000 from a bank at an interest rate of 0.75% per month. His monthly payment is $650, with the first payment due one month after he receives the loan....




A person receives an automobile loan of $30,000 from a bank at an interest rate of 0.75% per month. His monthly payment is $650, with the first payment due one month after he receives the loan. Compute the number of payments required to pay off the loan. Note that the last payment may not be exactly $650.



May 13, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here