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1. Karen takes an 8-year car loan of $30,000 at 2.41%, compounded 10 points monthly. If the payments are done at the end of
1. Karen takes an 8-year car loan of $30,000 at 2.41%, compounded 10 points monthly. If the payments are done at the end of each month, (a) make a partial amortization table for the first 6 payments, and (b) Find the interest paid, principal portion and outstanding balance after two years of payments. * Your answer
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
