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Posted on Jul 11, 2024

You want to buy a car, and the bank requires a 10% down payment. If you have $3,200 saved up for the down payment, how

You want to buy a car, and the bank requires a 10% down payment. If you have $3,200 saved up for the down payment, how much is the largest loan you can take out? The term of the loan is 5 years. Interest rates are 6.0%. How much principal will you still after two years?

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