Thinking about trading cars

Assignment Help Financial Management

Reference no: EM132044914

(Nonannual compounding using a calculator) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $ 31,000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 55-year (60 equal monthly payments) car loan from the university's credit union at an APR of 5.9 percent compounded monthly Jesse's monthly car loan payment will be $ nothing. (Round to the nearest cent.)

Reference no: EM132044914

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