LadyD9217 LadyD9217

06-06-2023
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A car loan of $39,518.05 is to be repaid with end-of-month payments of $940.91. If interest is 6% compounded monthly, how long is the term of the loan? State your answer in years and months (from 0 to 11 months). XE It will require year(s) and month(s) to repay the loan.

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