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What is rosylns monthly payment Roslyn has decided to purchase a 14000 car. She plans on putting 2000 down toward the purchase and financing the rest at a 6 interest rate for 4 years?
Wiki User
∙ 6y ago
The answer will depend on whether the interest is calculated on the monthly balance or annual balance. On an annual basis, it will be approx 290.
Wiki User
∙ 6y ago
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Interest on maturity is better or monthly interest?
If you need a monthly income then obviously a monthly income is better. If the monthly interest is not withdrawn then it makes no difference because the annual interest rate is usually equal to the compounded monthly rate.
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The monthly interest is 100.
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