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QUESTION 18 If an individual borrowed $25,000 to buy a car, interest was at a rate of 6.25% and the loan was for five years,

QUESTION 18 If an individual borrowed $25,000 to buy a car, interest was at a rate of 6.25% and the loan was for five years, payable monthly, how much will the individual owe the bank after 3 years if the individual paid an additional S25 monthly

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