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Rula has purchased a new car for $25.000. She paid $3.000 as a down payment, and she paid the remaining balance by a loan from

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Rula has purchased a new car for $25.000. She paid $3.000 as a down payment, and she paid the remaining balance by a loan from her hometown bank. Rula wil pay off the loan by equal annual installments of $6103. How many years wil it take Rula to pay off the loan given an opportunity cost of 12%8 Answer: Next page Jump to

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