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Your client took a 3-year car loan with an annual interest rate of 3.6%. And...

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Finance

Your client took a 3-year car loan with an annual interest rate of 3.6%. And the end of first year, his end balance is $10,000. His monthly fixed repayment is $240. How much loan he initially borrowed

a.12471.54

b. 8322.22

c 6822.31

d 8847.19

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