Question 1104802
65000-(65000*0.3) = 45500
He finances 45500 over 36 months at 6.2% compounded monthly and 0.062/12 = 0.00517
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Monthly Pmt = (0.00517*45500)/(1-(1+0.00517)^-36)
= 235.235/(1-0.8306) = 1388.64