Financing an Airplane Deepankar Pal bought a new Piper
Chapter 11, Problem 858(choose chapter or problem)
Financing an Airplane Deepankar Pal bought a new Piper Sport airplane for $140,000. He made a 40% down payment and financed the balance with the dealer on a 60-month installment loan. The monthly payments were $1624. Determine the a) down payment. b) amount to be financed. c) total finance charge. d) APR.
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