You borrowed 20,000 from a local credit union to buy a car. You promised to pay this loan in 5 years. Suppose 3 years lato your loan you have decided to sell the 10, 000 When you sell the car, you need to pay the remaining balance on your carThe APR your loan 6.75% compounded monthly How much money you cwe to bank? how much cash will you have after paying your bank loan?

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Answer To solve this problem we need to calculate the remaining balance on the car loan and the amou... View the full answer