Finance Assignment | Top Essay Writing

Tim Smith is shopping for a used car. He has found one priced at $4100. The salesman has told Tim that if he can come up with a down payment of $1000 the dealer will finance the balance of the price at an annual rate of 15% over 4 years (48months). a. Assuming that Tim accepts the dealer’s offer, what will his monthly (end-of-month) payment …

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