Use this formula to get correct answer A search of...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Use this formula to get correct answer
A search of a used car site produce a 2020 Camry LE with pretty low miles for $23,998. The site offered a loan with monthly payments. The terms of the loan were that the rate was 72% compounded monthly for 72 months (6 years) If the downpayment is $2,000, what will be the size of the monthly payments? Round your answer to the nearest cent, don't use a comma, and don't use a dollar sign. -n An = R 1-(1+i)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!