A bank recently loaned you $18,737.00 to buy a car. The loan is for 5...
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A bank recently loaned you $18,737.00 to buy a car. The loan is for 5 years and is fully amortized. The nominal rate on the loan is 6 percent, and payments are made at the end of each month. What will be the remaining balance on the loan after you make payment number 28 ? $8,687.23 $12,687.23 $9,687.23 $10,687.23 $1,687.23
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