James bought a Honda Accord for $20,000 at a local automobile dealership. If he borrows the full amount with a 5 year loan, 4% annual interest rate, compounded monthly, how much will his monthly payments be? What will be the balance on his loan after making four years of timely payments?
James bought a Honda Accord for $20,000 at a local automobile dealership. If he borrows the full amount with a 5 year loan, 4% annual interest rate, compounded monthly, how much will his monthly payments be?
Why is healthcare planning just as important as financial planning? Are the two interelated? What are the downsides/risks to not planning for healthcare expenses?