Question
When Maria Acosta bought a car 2.5 years ago, she borrowed $14,000 for 48 months at 8.4% compounded monthly. Her monthly payments are $344.42, but
When Maria Acosta bought a car 2.5 years ago, she borrowed $14,000 for 48 months at 8.4% compounded monthly. Her monthly payments are $344.42, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2.5 years mark? (Round your answer to the nearest cent.)
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
