Question
Kaiyu has a $40,000 car loan at 12% for 36 months, on which she makes monthly payments of $1,328.57. After making her 10th payment, she
Kaiyu has a $40,000 car loan at 12% for 36 months, on which she makes monthly payments of $1,328.57. After making her 10th payment, she wants to know the amount to pay the loan off. What is the payoff for Kaiyu after her 10th payment?
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Step: 1
At the end of the 10th payment Kaiyu has been making regular monthly payments on her car loan for 10 months Before computing the payoff balance well f...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
