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You purchased a car using some cash and borrowing $15,000 (the present value) for 50 monthly at 12% per year. Calculate the monthly payment (annuity).

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You purchased a car using some cash and borrowing $15,000 (the present value) for 50 monthly at 12% per year. Calculate the monthly payment (annuity). Referring to Problem 4A.19, assume you have made 10 payments. What is the balance (present value) your loan

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