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chao chao
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3 years ago
Dr. Ivana B. Payneless, a dental surgeon, just bought an Audi TTS Coupe for $69,263.14 (taxes included). Audi offered her financing at 1.9% (APR) and her monthly payments (over a 60 month term) are $1,211.00. Consider the first monthly payment. How much of that payment is interest and how much is principal? (Interest, Principal)

▸ $23.01, $1,187.99

▸ $101.90, $1,109.10

▸ $109.67, $1,101.33

▸ $190, $1,021.00

▸ $1,211.00, $0
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Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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Loruiz15Loruiz15
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3 years ago
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3 years ago
This helped my grade so much Perfect
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Just got PERFECT on my quiz
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You make an excellent tutor!
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