Finance: tvm concept / simple interest amortized auto loan
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Imagine that you have decided you need to a purchase 2015 Range Rover Land Rover for $83,500. Conduct some research as to the cost of this car. You have determined in this imagined scenario that you could afford to make a 10% down payment. You can borrow the balance either from your local bank using a four-year loan or from the dealership’s finance company. If …
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