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Mary Smith took a car loan of $29,000 to pay back in 36 monthly installments at an interest rate of 2%. Compute the loan balance

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Mary Smith took a car loan of $29,000 to pay back in 36 monthly installments at an interest rate of 2%. Compute the loan balance immediately after the 24th payment. $9,968 $10,232 $14,500 $9,860

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