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A car costs $22,000. After a 10% down payment, the balance will be paid off in 48 monthly payments, with interest of 7% per year

A car costs $22,000. After a 10% down payment, the balance will be paid off in 48 monthly payments, with interest of 7% per year on the unpaid balance.

Find the unpaid balance after two years.

Please clearly indicate the values on your TVM solver screen.

image text in transcribed

Please show all your work if possible and label the answer. Thank you.

Find the unpaid balance after two years. Please clearly indicate the values on your TVM solver screen. N=0 I%=0 PV=D PMT=0 FV=0 P/Y=1 C/Y=1 PMT:ENL BEGIN

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