Business, 28.12.2019 00:31, blanca04fp
First financial auto loan department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11% auto loan. to determine this amount, first financial would:
a. multiply $10,500 by the present value of 1.
b. divide $10,500 by the future value of an ordinary annuity of 1.
c. divide $10,500 by the present value of an annuity due of 1.
d. multiply $10,500 by the present value of an ordinary annuity of 1.
Answers: 1
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