Question: On September 1 , 2 0 2 1 , Susan Chao bought a motorcycle for $ 3 4 , 0 0 0 . She paid
On September Susan Chao bought a motorcycle for $ She paid $ down and financed the balance with a fiveyear loan at an annual percentage rateof percentcompounded monthly. She started the monthly payments exactly one month after the purchase ie October Two years later, at the end of October Susan got a new job and decided to pay off the loan.If the bank charges her a percent prepayment penalty based on the loan balance, how much must she pay the bank on November Do not round intermediate calculations and round your answer to decimal places, eg On September Susan Chao bought a motorcycle for $ She paid $ down and financed the balance with a fiveyear loan at an annual percentage rate of percent compounded monthly. She started the monthly payments exactly one month after the purchase ie October Two years later, at the end of October Susan got a new job and decided to pay off the loan. If the bank charges her a percent prepayment penalty based on the loan balance, how much must she pay the bank on November Do not round intermediate calculations and round your answer to decimal places, eg
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