Question
18 months ago, you moved to Maine to run whitewater expeditions on the Penobscot River. You borrowed $20,000 to buy a trailer to transport the
18 months ago, you moved to Maine to run whitewater expeditions on the Penobscot River. You borrowed $20,000 to buy a trailer to transport the whitewater rafts. You have decided to repay the loan today. If the loan was a 4-year loan with monthly payments of $483.58 what is the amount that you owe the bank today? Assume that you have not missed any of your regular monthly payments.
Solve using a financial calculator
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
