When maria acosta bought a car 25 years ago she borrowed, Ask an Expert

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When Maria Acosta bought a car 2.5 years ago, she borrowed $10,000 for 48 months at 7.2% compounded monthly. Her monthly payments are $240.39, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2.5-year mark? (Round your answer to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
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