Home / Questions / Jack borrowed $42,000 and bought a new Volvo 850 GLT. The loan required six equal, end-of-
Jack borrowed $42,000 and bought a new Volvo 850 GLT. The loan required six equal, end-of-year payments, at an APR of 6%. Immediately after making his third payment, Jack gets an offer of $30,000 for the car. If he accepts the offer, and repays the balance on the loan, how much of the $30,000 does Jack have left?
I need to know the order to solve it properly. I keep getting the wrong answer with my calculator I do not know if I am doing it wrong
Dec 04 2019 View more View Less
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