bmcdonald
Jul 1, 2009, 08:59 PM
You have found a clean usaed car that cost you 8,500 you can finance your purchase at an annual rate of 12% for 24 months the dealer requires a down payment of 2,000.
A what will be the amount of your monthly payments
B How much will you pay the dealer over the life time of the loan.
C How much of the amount will be interest.
D If you decide to pay off the loan at the end of the first year, how much will tou owe the dealer.
A what will be the amount of your monthly payments
B How much will you pay the dealer over the life time of the loan.
C How much of the amount will be interest.
D If you decide to pay off the loan at the end of the first year, how much will tou owe the dealer.