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Assume you take out an $8,500 car loan that calls for 48 monthly-(Answered)

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Question

Assume you take out an $8,500?car loan?that calls for 48 monthly payments of $290 each.


a.

Calculate the annual?payment?if?the loan?is repaid in four annual year-end installments. ?What is the annual payment?

 

Paper#9256519 | Written in 27-Jul-2016

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