Yesenia purchased a car for $22,241. She obtained a 6 year term loan at an...
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Accounting
Yesenia purchased a car for $22,241. She obtained a 6 year term loan at an interest rate of 5%. She is making a monthly payment of $391. Using the following balance function to calculate the balance owed after the month 44 payment. Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 4536.21 B(t)=B0(1+12r)12tM((12r)(1+12r)12t1)
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