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When you purchased your car, you took out a 5 - year annual - payment loan with an interest rate of 9 % per year.
When you purchased your car, you took out a year annualpayment loan with an interest rate of per year. The annual payment on the car is $ You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios?
a You have owned the car for year so there are years left on the loan
b You have owned the car for years so there is year left on the loan
a You have owned the car for year so there are years left on the loan
The payoff if there are years left on the loan is $Round to the nearest cent.
b You have owned the car for years so there is year left on the loan
The payoff if there is year left on the loan is $Round to the nearest cent. Please show all formula text. Will upvote thanks
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