What are monthly payments

Assignment Help Financial Management

Reference no: EM131881448

You wish to buy a $27,000 car. The dealer offers you a 5-year loan with a 9 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Payment $ per month

How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Payment $ per month

Reference no: EM131881448

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