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Please double check your answer QUESTION 40 To finance a new car purchase, M took out a $20,000, 3-year loan with the bank at 12%
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QUESTION 40 To finance a new car purchase, M took out a $20,000, 3-year loan with the bank at 12% per year, no compounding. All payments are due at maturity. How much debt service will M have to pay the bank at the end of the loan term? Do not use $ signs, and round to the nearest whole dollar in your answer formatStep by Step Solution
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