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please show steps typed out plus the steps for using financial calculator. thank you!! 7. You borrow to purchase a car for 50,000 and the
please show steps typed out plus the steps for using financial calculator. thank you!!
7. You borrow to purchase a car for 50,000 and the loan is to be repaid in monthly installments over 20 years where the loan is that 5% APR. After 5 years ( 60 payments) you wish to pay the outstanding loan. What is the outstanding amount on the loan that you still owe the lending bank after 5 years of payments have been made Step by Step Solution
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