Question: Base Case Car Value Down Payment % 1 0 % Loan Amount Term ( months ) 4 8 FV Payment APR 2 . 9 0

Base Case
Car Value
Down Payment %10%
Loan Amount
Term (months)48
FV
Payment
APR 2.90%
Monthly Rate
EAR
Total Interest paid
What is the loan Balance after 2 years?
Period Beginning Balance Payment Interest Paid Principal Paid Ending Balance
Base Case Car Value Down Payment %10% Loan Amount Term (months)48

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