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Mike bought a car three years ago. He paid $45,000 and financed it for 5 years at 2% annual interest with monthly payments. He decided

Mike bought a car three years ago. He paid $45,000 and financed it for 5 years at 2% annual interest with monthly payments. He decided to buy a truck and sell his car. About how much is the loan balance on the car today? Please show all steps.

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