Anita took a car loan of $45,000 loan at 4.2% compounded semi-annually. The monthly payments were calculated
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Anita took a car loan of $45,000 loan at 4.2% compounded semi-annually. The monthly payments were calculated to pay off the loan in 5 years. If Anita increases the payment by 5% after one year, how much sooner will the loan be paid off?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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