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3 years ago youppurchased a car for $10,000 and borrowed $8,000 The terms of the loan were for 4 years, fully amortizing, and at a

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3 years ago youppurchased a car for $10,000 and borrowed $8,000 The terms of the loan were for 4 years, fully amortizing, and at a rate of 7% (Remember, loans are paid back monthly). Today, you want to purchase a new EV vehicle however you need to know the balance of your current loan. It is Sunday and the bank is closed, so you need to calculate this balance. What is the current balance

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