Mathematics, 07.12.2020 14:00 crowzombie9

The price of the car is $16,000. Down payment is $6,000. Interest rate 10%.
Payback period is 6 years.
Determine the yearly installments if
Case 1. The carmaker does not pay to the
bank.
Case 2. The carmaker pays $2000 to the
bank.
URGENT ANSWER NEEDED PLEASE

Answers: 2

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The price of the car is $16,000. Down payment is $6,000. Interest rate 10%.
Payback period is...