Lets say that you are now three years into your $30,000 car loan from the previous section
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Let’s say that you are now three years into your $30,000 car loan from the previous section and you decide to sell the car. When you sell the car, you will need to pay whatever the remaining balance is on your car loan. After 36 months of payments, how much do you still owe on your car loan?
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PLAN We have already determined that the monthly payments on the loan are 59050 The remaining balanc...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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