You plan on purchasing a $30,000 car (tax in) by making a $10,000 down Jeo payment...

 

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You plan on purchasing a $30,000 car (tax in) by making a $10,000 down Jeo payment and financing the balance through a 4-year bank loan at a rate of Teso 12%, compounded monthly. What will your loan balance be immediately after the 20" monthly payment? 3. ot even uoy bebn th 0oeseolo A) $9,622 B) $11,714 C) $12,807 D) $13,411 E) $14,026 30 o0u doN INC AS QK STLT You plan on purchasing a $30,000 car (tax in) by making a $10,000 down Jeo payment and financing the balance through a 4-year bank loan at a rate of Teso 12%, compounded monthly. What will your loan balance be immediately after the 20" monthly payment? 3. ot even uoy bebn th 0oeseolo A) $9,622 B) $11,714 C) $12,807 D) $13,411 E) $14,026 30 o0u doN INC AS QK STLT

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