Solutions to Chapter 1 - San Francisco State University
With a down payment of $2,000, you can pay at most $17,189.58 for the car. b. In this case, n increases from 48 to 60. You can take out a loan of $17,982.02 based on this payment schedule. This is computed as follows: PV= Thus, you can pay $19,982.02 for the car. 26. a. ................
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