Anton borrows $25,000 to purchase a car.His loan will be amortized over 5 years at a rate
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Question:
Anton borrows $25,000 to purchase a car.His loan will be amortized over 5 years at a rate of 4.8%, compounded monthly.How much of the loan will he have paid off after 2 years?
a)$1,872
b)$9,351
c)$11,223
d)$15,649
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