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11. Kevin purchased his car on January 1, 1992 with a $10,000 loan. His loan carries an interest rate of 21% per year convertible monthly.
11. Kevin purchased his car on January 1, 1992 with a $10,000 loan. His loan carries an interest rate of 21% per year convertible monthly. He pays $600 per month starting February 1, 1992, plus an additional $1600 on June 1, 1992. His last payment will be a partial payment. Determine when he will make the last full payment of $600. A. November 1, 1992 B. January 1, 1993 C. March 1, 1993 D. May 1, 1993 E. August 1, 1993
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