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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. N=0 I%=0 PV=D PMT=0 FV=0 P/Y=1 C/Y=1 PMT:ENL BEGIN Find the unpaid balance after two years.
Please clearly indicate the values on your TVM solver screen.
Please show your work if possible and label answer. Thank you.
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