Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.)
| Purchase (Cash) Price |
Down Payment |
Amount Financed |
Add-on Interest |
Number of Payments |
Finance Charge |
Monthly Payment |
|---|---|---|---|---|---|---|
| $2,000 | 15% | $ |
13 1/2%
|
30 | $ | $ |
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