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You take out a car loan of $26119 at a rate of 3.2% compounded annually and a term of 5 years with bimonthly payments.
You take out a car loan of $26119 at a rate of 3.2% compounded annually and a term of 5 years with bimonthly payments. At the end of the 2nd year, what is the total amount of interest paid on the loan? Your Answer:
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
