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

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

ISBN: 9780199339273
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## Solution for problem 3-32 Chapter 3

Engineering Economic Analysis | 12th Edition

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