You have a car loan possibility with the following information: Interest rate fixed at an APR...

You have a car loan possibility with the following information: Interest rate fixed at an APR of 15.99%. The duration is 5 years. You are going to pay $500.00 on this loan every month. And you are going to make each payment at the end of the month. How much is the car worth? Use Excel's PV function to compute the present value of this loan. Please enter your answer to two decimal places and leave off any $ or commas; for example, if you compute $39,620.36, please just enter 39620.36 as your answer.

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jeff jeffy answered 2 years ago

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