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Category > Math Posted 14 Aug 2017 My Price 10.00

1V1U J. J_UJ_ Enterprise Finance Case Study #2 You have now worked six months in the finance department of Pfizer

1V1U J. J_UJ_ Enterprise Finance Case Study #2 You have now worked six months in the finance department of Pfizer. Your job analyzing and preparing budgets for the drug discovery unit has been interesting and fulfilling. You are both learning new things and your boss has told you that you will be in line for a promotion within 12 months. The steady paycheck has been great and now it is time to get rid of that old Mitsubishi and get a new car. You have decided to purchase a BMW 320i and have gotten the following quotes from local car dealers. The price of the car is $32,500.00 BMW Escondido $3,500 down and a rate of 1.5% per annum for 36 months. 32500-3500 = 29000 I = 0.13 PV = 29000 N = 36 FV = 0 PMT = 824.32 
This text was automatically generated from the attachment. Please refer to the attachment to view this question. 
how do you calculate 1.5% per annum for 26 months. I know N is 12x3 but how does the interest become .13? thank you 
This question was created from Case Study #2 

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SophiaPretty
(5)
Status NEW Posted 14 Aug 2017 10:08 AM My Price 10.00

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