How much will kris payment be

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Reference no: EM131966257

Kris borrows some money in her senior Year to buy a new car. The dealership allows her to defer payments for 12 months.

Then kris mark 48 end-of-month payments If the original note (loan) is for $28,000 and interest is 6% per year on the unpaid balance how much will kris payment be? Include a cash flow diagram from the banks perspective.

Reference no: EM131966257

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