Business, 01.02.2021 20:50 mikeeway33

Don James purchased a new automobile for $21,000. Don made a cash down payment of $5,250 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate. Required:
Calculate the amount of the required monthly payment.

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Don James purchased a new automobile for $21,000. Don made a cash down payment of $5,250 and agreed...