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Emile bought a car for 529,000 three years ago. The loan had a 5 year term at 6X interest rate, and Emile has been making
Emile bought a car for 529,000 three years ago. The loan had a 5 year term at 6X interest rate, and Emile has been making monthly payments for three years. How much does he still owe on the car? (Hint: first you will need to figure out the monthly payment on the 5 year loan.) Answer: Check
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