The hire purchase agreement has an interest rate of 18 will, Financial Management

The hire purchase agreement has an interest rate of 18 will

Gareth has recently purchased a new car and borrowed the entire $22000 with hire purchase agreement. The hire purchase agreement has an interest rate of 18% will be repaid on a monthly basis over 4 years. What is the monthly payment Gareth must make?

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Financial Management: The hire purchase agreement has an interest rate of 18 will

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Financial Management: The hire purchase agreement has an interest rate of 18 will

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