Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Erin can’t decide whether she wants to buy and car or lease a car. She is looking at a $45,000 car. If she buys it, she will take out a 3-year loan at 3.75% interest.
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What is the total amount that Erin will pay over the life of the loan?
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