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*Please use a financial calculator to solve. A bank recently loaned you $15,000 to buy a car. The loan is for five years (60 months)

*Please use a financial calculator to solve.

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A bank recently loaned you $15,000 to buy a car. The loan is for five years (60 months) and is fully amortized. The nominal rate on the loan is 12 percent (APR compounded monthly), and payments are made at the end of each month. What will be the remaining balance on the loan after you make the 30th payment? a. $ 8,611.17 b. $ 8,363.62 c. $14,515.50 d. $ 8,637.38 e. $ 7,599.03

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