Question: PROBLEM #3: (65%) You buy a used car for $ 15,000 and you finance it with a loan at APR of 9% repayable in monthly

PROBLEM #3: (65%) You buy a used car for $ 15,000

PROBLEM #3: (65%) You buy a used car for $ 15,000 and you finance it with a loan at APR of 9% repayable in monthly installments for five years. Three years later you decide to sell the car and pay off the loan. What is the minimum price you should sell your car for, to avoid losing money

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