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Sally Stanford is buying a car that costs $12,000.She will

Engineering Economic Analysis | 12th Edition | ISBN: 9780199339273 | Authors: Donald G. Newnan; Jerome P. Lavelle; Ted G. Eschenbach ISBN: 9780199339273 93

Solution for problem 3-32 Chapter 3

Engineering Economic Analysis | 12th Edition

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Engineering Economic Analysis | 12th Edition | ISBN: 9780199339273 | Authors: Donald G. Newnan; Jerome P. Lavelle; Ted G. Eschenbach

Engineering Economic Analysis | 12th Edition

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Problem 3-32

Sally Stanford is buying a car that costs $12,000.She will pay $2000 immediately and the remaining$10,000 in four annual end-of-year principal pay-ments of $2500 each. In addition to the$2500, shemust pay 15% interest on the unpaid balance of theloan each year. Prepare a cash flow table to representthis situation

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Chapter 3, Problem 3-32 is Solved
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Textbook: Engineering Economic Analysis
Edition: 12
Author: Donald G. Newnan; Jerome P. Lavelle; Ted G. Eschenbach
ISBN: 9780199339273

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Sally Stanford is buying a car that costs $12,000.She will

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