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To pay off the purchase of a car, Chantal got a $15,000, 4 year bank loan at 9% p.a. interest compounded monthly. She makes monthly

To pay off the purchase of a car, Chantal got a $15,000, 4 year bank loan at 9% p.a. interest compounded monthly. She makes monthly repayments. How much does she still owe on the loan at the end of 2 years (after 24 payments)? Use both retrospective and prospective methods.

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