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A firefighter for the National Park Service has a 5-year car loan for which the monthly...

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Advance Math


A firefighter for the National Park Service has a 5-year carloan for which the monthly payment is $610.46 with an annualinterest rate of 4.75% compounded monthly. After making 36payments, the firefighter decides to trade in the car for a newcar. Calculate the amount (in dollars) the firefighter still oweson the car. (Round your answer to the nearest cent. See Example 3in this section.)
(PLEASE WORK IT OUT FOR ME IM SO CONFUSED)

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