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19-12-2022
Business

Answered

you have decided to buy a car that costs $26,600. since you do not have a big down payment, the lender offers you a loan with an apr of 6.05 percent compounded monthly for 5 years with the first monthly payment due today. what is the amount of your loan payment?

Answer :

Tutorconsortium433 Tutorconsortium433

27-12-2022

Leasing typically includes fewer upfront costs, smaller payments, and no hassles associated with resale.

The meaning of payment

Payment is the exchange of money, goods, or services for goods and services in an agreed-upon quantity that has been prearranged. Payments can be made via cash, cheques, wire transfers, bank cards, contactless payments, and even cryptocurrencies. Accepting Payment

What alternative payment method is there?

Alternative payment options are ways outside cash to make a purchase. Payments made but use a debit card, credit card, rewards program points, bitcoin and other cryptocurrencies or wallets like Recurring Billing or Apple Pay are examples of alternative payment techniques (AMOP). Venmo is yet another well-liked AMOP.

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