Today you buy a used car. The dealer accepts a down payment of $2,000 and lets you pay $1,900 per year for 5 years. The interest rate on the loan was 6%. How much was the car?© BrainMass Inc. brainmass.com September 21, 2018, 7:23 pm ad1c9bdddf - https://brainmass.com/business/finance/calculating-a-car-s-current-value-573182
Solution depicts the steps to estimate the current value of a car in the given case. The solution is provided within an Excel file.