Keegan is planning to buy a brand new truck. He plans to keep the truck for 3

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Keegan is planning to buy a brand new truck. He plans to keep the truck for 3 years and then trade it in. He borrows $39 000 at 7.4% compounded semi-annually to purchase the truck. What monthly payment will reduce the balance on the loan after 3 years to the expected trade-in value of $17 500?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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