You have a 4-year car loan of $10,000 at 9% annually. What are the monthly payments? You

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You have a 4-year car loan of $10,000 at 9% annually. What are the monthly payments? You are thinking of paying the loan off at the end of the second year. How much do you owe on this loan after 2 years? How much have you paid in interest for the first 2 years? If you decide to let loan run full term, how much interest will you have paid?

The can't seem to arrive at a correct answer for the last two questions. W

Posted Date: May 13, 2024 03:19 AM

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You have a 4-year car loan of $10,000 at 9% annually. What are the monthly payments? You

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To calculate the monthly payments for a 4year car loan of 10000 at 9 annually we can use the formula for calculating the monthly payment on a fixedrat... View the full answer

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