A bank recently loaned you $14,440.00 to buy a car. The loan is for 4 years and
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Question:
A bank recently loaned you $14,440.00 to buy a car. The loan is for 4 years and is fully amortized. The nominal rate on the loan is 11 percent, and payments are made at the end of each month. What will be the remaining balance on the loan after you make payment number 35? $5.104 o $4.354 O $4.904 O $4,704 O $4,554
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