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You want to buy a new sports car for $50,000. The contract is in the form...

You want to buy a new sports car for $50,000. The contract is in the form of a 60-month annuity due at a 7.2 APR. What will your monthly payment be? Answer =. $988.85 but I keep getting $994.78 how do I get 988.85

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Expert Solution

IT IS A CASE OF ANNUITY DUE. I HAVE SOLVED WITH EXCEL AND FORMULA, BOTH WAYS. THANK YOU

jeff jeffy answered 1 year ago
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