When you purchased a car you barrowed 20000 from the bank, Financial Management

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When you purchased a car you barrowed 20000 from the bank

1. When you purchased a car you barrowed $20,000 from the bank at 9.20% and agreed to make monthly payments for 3 years. What is your monthly payment?

a) $153.33

b) $662.08

c) 584.12

d) 559.78

2. The given trend equation is Y = 1840 + 135 * year. The seasonal factor for August is 0.15. Forecast sales for August of year 10.

A) 478.5

B) 450.5

C) 490.5

D) 495.3

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Financial Management: When you purchased a car you barrowed 20000 from the bank

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Financial Management: When you purchased a car you barrowed 20000 from the bank

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