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A car was purchased for $5600.00 down and payments of $545.00 at the end of each month for 6 years. Interest is 8.12% compounded monthly.

A car was purchased for $5600.00 down and payments of $545.00 at the end of each month for 6 years. Interest is 8.12% compounded monthly. If the owner decides to sell the car after 3 years and 10 months, how much does the owner still owe on the loan?

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