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) You bought a car for $54,000. The downpayment was $4,000. You have a 6-year auto loan for the remaining amount at an interest rate

) You bought a car for $54,000. The downpayment was $4,000. You have a 6-year auto loan for the remaining amount at an interest rate of 6.7% (with monthly compounding). b. They just made the 15th payment. What is the outstanding balance on the loan

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