Question: How can this problem be solved using the calculator? Thanks! M or5342.17 octu Chays 7) Your car loan requires payments of $200 per month for

How can this problem be solved using the calculator? Thanks!

M or5342.17 octu Chays 7) Your car loan requires payments of $200 per month for the first year and payments of $400 per month during the second year. The APR is 12% and payments begin in one month. What is the present value of this 2-year loan? A) $6,753.05 B) $6,389.78 (C) 36,246.34 D) $6,428.57

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