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Auto Loan: You have an auto loan for $ 2 7 , 0 0 0 , compounded at 6 . 5 % monthly for 6
Auto Loan: You have an auto loan for $ compounded at monthly for months. Answer the following questions using an amortization table.
What is the payment for the loan?
What is the portion interest for the th payment?
What is the remaining balance for the th payment?
How much interest do you pay over the life of the loan?
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