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Can anyone help with this question? Thank you!!! You want to buy a new car that will cost $37,500. The bank will lend you the
Can anyone help with this question?
Thank you!!!
"You want to buy a new car that will cost $37,500. The bank will lend you the money at 13% p.a. . To reduce the amount of the loan repayments you will make a special payment at the end of the loan of $12,000. The $12,000 payment is instead of the quarterly loan payment. What is the amount of the 19 regular quarterly loan repayments on this 5 year loan? "
1342.11
1819.88
2676.3
2211.47
2224.57
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