What is the montly payment for each of these

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James wants to purchase a 2017 Ford Raptor for $90,000. Two financing options are available for him:

Option 1: 8% APR compounded monthly, $20,000 down payment, and 60 equal monthly payments.

Option 2: 6% APR compounded continuously, $10,000 down payment and 36 equal monthly payments.

What is the montly payment for each of these two financing options?

wants to 0. Two financing options are available for him compounded monthly ti00 down isi continuously, Siou00 payment, and 60 equal monthly payment. down payment and 36 equal monthly payments. payment for each of these two financing options?

Reference no: EM131958341

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