You obtained a loan of 16000 to finance an automobile based, Finance Basics

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You obtained a loan of 16000 to finance an automobile based

Qusetion: You obtained a loan of $16,000 to finance an automobile. Based on monthly compounding over 36 months, the end-of-the-month equal payment is (i=6%)? What APR was used for this loan? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: You obtained a loan of 16000 to finance an automobile based

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