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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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