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You have a 72-month car loan with monthly payments of $525. You have come into an inheritance and want to pay off your loan after

You have a 72-month car loan with monthly payments of $525. You have come into an inheritance and want to pay off your loan after the 50th payment. How much will your lump sum payoff amount be if your interest is 4% compounded weekly (4 weeks / month)?

Question 8 options:

$11,550

$10,735

$11,118

$7,587

please answer will rate thank you

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