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You buy a car today for $78,100 making a $8,000 down payment and borrowing the balance from your bank with a 84 month fully amortized

You buy a car today for $78,100 making a $8,000 down payment and borrowing the balance from your bank with a 84 month fully amortized loan. The loan has a 5.6% annual percentage rate (APR)

What is your monthly loan payment?

What is your expected balance after six years (72 months)?

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