Forecast the monthly car payments

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A client would like you to forecast the monthly car payments on a 4 year car loan in 6 years for a convertible that currently has a price of $82,000 (that is expected to rise with inflation) for his child who will be of driving age then. Given current 36 month auto loan rates of 2.52%, show what the best estimate of those payments would be?

Reference no: EM13721858

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