You just purchased a brand new car for 19600 using a dealer, Ask an Expert

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You just purchased a brand new car for $19,600 using a dealer loan at an interest rate of 6.6 percent and zero down payment. The terms of the loan call for equal annual payments for five years, with the first payment made one year from today. calculate your loan balance just after making your second payment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92663265

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