answer c.

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3. You plan on purchasing a $30,000 car (tax in) by making a $10,000 down payment and financing the balance through a 4-year bank loan at a rate of 12%, compounded monthly. What will your loan balance be immediately after the 20" monthly payment? 001 A) $9,622 PMI 30 ovu B) $11,714 Dec se C) $12,807 D) $13,411 QON E) $14,026 STUS m