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You took a loan of $40000. You make a downpayment of $5000. You pay off over a period of 10 years making a payment
You took a loan of $40000. You make a downpayment of $5000. You pay off over a period of 10 years making a payment at the end of each quarter. What is the loan amount at the end of period 3? Price of the car Interest rate Down Payment 40000 4% per year 5000 Amt Financed 35000 Time Period 10 years Future value 0 Payment Amortization for Loan amount Period ($1,065.95) Loan at beginning Payment Interest Payment for Principal Loan at end i
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