Antoine Smith wants a new pickup truck listed for $55,500. He will make a down payment of $30,000 and finance the balance at 2.01% interest for 6 years (72 months). Find the monthly payment using a spreadsheet. Round your answer to the nearest cent. The monthly payment is S.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
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Antoine Smith wants a new pickup truck listed for $55,500. He will make a down payment of $30,000 and finance the balance at 2.01% interest for 6 years (72
months). Find the monthly payment using a spreadsheet. Round your answer to the nearest cent.
The monthly payment is
Transcribed Image Text:Antoine Smith wants a new pickup truck listed for $55,500. He will make a down payment of $30,000 and finance the balance at 2.01% interest for 6 years (72 months). Find the monthly payment using a spreadsheet. Round your answer to the nearest cent. The monthly payment is
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