You are buying a previously owned car today at a price of $8,125. You are paying $600 down in cash and financing the balance for 36 months at 7.9 percent, compounded monthly. What is the amount of each loan payment?
You are buying a previously owned car today at a price of $8,125. You are paying $600 down in cash and financing the balance for 36 months at 7.9 percent, compounded monthly. What is the amount of each loan payment?
