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What are your monthly car payments

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Reference no: EM133040810

Question - You are considering buying a new car. The sticker price is $15,000 and you have $2,000 to put toward a down payment. If you can negotiate a nominal annual interest rate of 10% and you wish to pay for the car over a 5 - year period, what are your monthly car payments? Compute the Present value annuity. Show details of the solution.

Reference no: EM133040810

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