A bank recently loaned you Rs.15,000 to buy a car. The loan is for five years (60

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A bank recently loaned you Rs.15,000 to buy a car. The loan is for five years (60 months) and is fully amortized. The nominal rate on the loan is 12 percent, and payments are made at the end of each month. What will be the remaining balance on the loan after you make the 30^th payment?

Posted Date: May 18, 2024 08:10 AM

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A bank recently loaned you Rs.15,000 to buy a car. The loan is for five years (60

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