Jim wants to buy a car which is priced at 20000 by putting, Ask an Expert

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Jim wants to buy a car which is priced at $20,000 by putting 10% down and borrowing the rest from his credit union on a 4-year, 6% loan (monthly payments). If after making the first 4 payments, Jim decides to refinance the loan at lower interest rate, use an amortization schedule to determine Jim's payoff amount?

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Financial Management, Finance

Category:- Financial Management
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