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You take out a car loan for $37,000 at a 6% annual interest rate for 60 months of equal payments. You decide to pay off
You take out a car loan for $37,000 at a 6% annual interest rate for 60 months of equal payments. You decide to pay off the loan on the 30th month. What is your final payment (principal and interest)?
You take out a car loan for $37,000 at a 6% annual interest rate for 60 months of equal payments. You decide to pay off the loan on the 30th month. What is your final payment (principal and interest)Step by Step Solution
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