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SUV last Fall (September 2019) that cost him $46,500. He was miserable when he checked his new SUVs blue book value and saw that the
SUV last Fall (September 2019) that cost him $46,500. He was miserable when he checked his new SUVs blue book value and saw that the value had depreciated to $39,900 in the short time he has had the vehicle. His original loan was for loan balance of $38,000, financed for 5 years at 3.75%. His monthly payment is $____ and the loan balance is $______.
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