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Rachel purchased a car for 16500 three years ago. Using a 4 year long with an interest rate of 7.2%. She has decided that she
Rachel purchased a car for 16500 three years ago. Using a 4 year long with an interest rate of 7.2%. She has decided that she would sell the car now if she could get a price. I would pay off the balance of her loan. What is the minimum price? Rachel would need to receive for her car. Calculate your monthly payments, then use those payments. And the remaining time left to compute the present value called balance of the remaining loan
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