2). After making twenty-first payment of $465.36 on your car loan, you wanted to find out how much is left of your original 6 years loan at 6.1% compounded monthly of $28,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. decimal places.) (Round to 2

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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2). After making twenty-first payment of
$465.36 on your car loan, you wanted to
find out how much is left of your original 6
years loan at 6.1% compounded monthly of
$28,000.00. What is the amount of the
remaining balance of your car loan?
The remaining balance of your car loan
would be $.
decimal places.)
(Round to 2
Transcribed Image Text:2). After making twenty-first payment of $465.36 on your car loan, you wanted to find out how much is left of your original 6 years loan at 6.1% compounded monthly of $28,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. decimal places.) (Round to 2
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