Your Aunt Rosie Cheeks wants to buy a truck but she really can’t afford it. She needs a loan of $30,000.
Your Aunt Rosie Cheeks wants to buy a truck but she really can’t afford it. She needs a loan of $30,000. The finance manager at the dealership offers her something like a loan in which your Aunt Rosie will get the $30,000 and will pay $450 per month for the next 60 months with an additional payment of $5,000 in the 60th month. What interest rate is your Aunt Rosie really going to pay? Ignore taxes. Show your work - See more at: http://www.essaysclub.net/your-aunt-rosie-cheeks-wants-to-buy-a-truck-but-she-really/#sthash.xbiiJJGE.dpuf
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