Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Marisol finances a sports car for $27,700 by taking out an installment loan for 36 months. The payments were $998.61 per month and the total finance charge was $8,249.96. After 21 months, Marisol decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.

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