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majarm majarm
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7 years ago
A car loan of $46 700.00 is amortized over 8 years by equal monthly payments at 2.9% compounded monthly. What is the monthly payment and outstanding principal balance after 40 payments.
A) $545.66 and $28 546.88
B) $545.66 and $18 153.12
C) $544.34 and $28,478.06
D) $486.46 and $27 241.67
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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7 years ago
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majarm Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
2ne1_12345
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Yesterday
Smart ... Thanks!
amandamraz
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2 hours ago
Thanks for your help!!
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