2). After making twenty-first payment of $465.36 on your car loan, you wanted to find out how much is left of your original 6 years loan at 6.1% compounded monthly of $28,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. decimal places.) (Round to 2

2). After making twenty-first payment of $465.36 on your car loan, you wanted to find out how much is left of your original 6 years loan at 6.1% compounded monthly of $28,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. decimal places.) (Round to 2

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 19PROB

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