After making the twenty-sixth payment on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.1% compounded monthly of $27,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. (Round to 2 decimal places.)
After making the twenty-sixth payment on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.1% compounded monthly of $27,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. (Round to 2 decimal places.)
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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After making the twenty-sixth payment on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.1% compounded monthly of $27,000.00. What is the amount of the remaining balance of your car loan?
The remaining balance of your car loan would be $. (Round to 2 decimal places.)
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