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Instead, you opt to purchase a 10-inch 4K Ultra HD 120Hz Smart LED TV for $149,980 (yes, i

Instead, you opt to purchase a 10-inch 4K Ultra HD 120Hz Smart LED TV for $149,980 (yes, i

Instead, you opt to purchase a 10-inch 4K Ultra HD 120Hz Smart LED TV for $149,980 (yes, it's really there) by getting a loan for $120,980 and paying a $29,000 down payment. You can get a 10-year loan with a 3.6% interest rate.

A. What would be your monthly payment?___________

B. In 4 years, when a newer, cheaper but nicer TV is available, what would be the loan balance?__________

Abhinav 04-Dec-2019

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