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Three years ago you bought the Volvo C30 for $34,000 tax included. Your loan with Volvo Car Financial Services is at a rate of 2.5% APR and you make monthly (end-of-month) payments. You are at the beginning of your final year of the four year term. (You have twelve payments remaining.) Volvo has redesigned the C30 and you want to buy the new model. If you want to end the loan early, then how much do you have to pay Volvo Car Financial Services?

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