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You borrowed $22,000 to buy a car. The interest rate is 9.5% (nominal) per year, compounded monthly, and the loan is for 48 months. After

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You borrowed $22,000 to buy a car. The interest rate is 9.5% (nominal) per year, compounded monthly, and the loan is for 48 months. After the first year (12 payments) you missed 2 payments. How much do you still owe on this loan after 2 years (24 months)

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