you want to buy a van it costs 20000$. the bank is willing to to...

50.1K

Verified Solution

Question

Accounting

you want to buy a van it costs 20000$. the bank is willing to to give you a 2 1/2 years loan, paid monthly. the annual rate is 6%. what is your monthly payment if you have 1000$ down?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students