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Al purchased a car for $18500 he paid $5000 immediately and agreeded to pay

Al purchased a car for $18,500. he paid $5,000 immediately and agreeded to pay 3 additional payments of $6,000 each (which includes principle and interest) at the end of 1,2 and 3 years. Maitenance for the car is projected at $1,000 at the end of the first year and $2,000 and the end of each subsequent year. A l wants to sell the car at the end of the fourth year(after paying for the maintenance work) for $7,000.      

Apr 30 2018 View more View Less

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