Question: Derek borrows $ 4 3 , 4 8 5 . 0 0 to buy a car. He will make monthly payments for 6 years. Th

Derek borrows $43,485.00 to buy a car. He will make monthly payments for 6 years. Th car loan has an interest rate of 5.56%. After a 16.00 months Derek decides to pay off hi car loan. How much must he give the bank?
Derek borrows $ 4 3 , 4 8 5 . 0 0 to buy a car.

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