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We borrow $35,000 from a bank to purchase a car. The loan is for 7 years (payments are monthly) and the fixed interest rate charged

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We borrow $35,000 from a bank to purchase a car. The loan is for 7 years (payments are monthly) and the fixed interest rate charged is 5.25%. Problems: What are the periodic monthly payments? What is the principle balance after year 4? If an individual made an additional $25 payment per month, what would the principle balance be after year 4

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