Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Nn.160.
Subject :- Finance
Transcribed Image Text:Emily is buying a new car for $1,800. The dealer is charging her an annual interest rate of 10.8%. If she pays off the
loan in 36 months, what are her monthly payments? If she makes a down payment of $260, how much will her
monthly payments be? Round to two decimal places.
O A. $132.40; $9.56
B. $66.20; $56.64
OC. $132.40; $56.64
O D. $126.20; $9.56
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