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Both please and thank you You purchase a vehicle for $25,000 at an 8% APR. Your loan term is 72 months. After one year of
Both please and thank you
You purchase a vehicle for $25,000 at an 8% APR. Your loan term is 72 months. After one year of making payments, how much do you still owe on the vehicle? $21,617$32,532$19,740$20,359 QUESTION 10 Two years ago, you purchased a vehicle for $30,000 at an 8% APR. Your loan term was 60 months. The current value of your vehicle is $20,000. If you only made minimum payments for these past two years, how much equity do you have in the vehicle? $589$19,411$1,231$2,537$14,59815,402Step by Step Solution
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