You purchase a vehicle for $25,000 at an 8% APR. Your loan term is 72 months. After one year of making payments, how much do you still owe on the vehicle? $21,617 $32,532 $19,740 $20,359
You purchase a vehicle for $25,000 at an 8% APR. Your loan term is 72 months. After one year of making payments, how much do you still owe on the vehicle? $21,617 $32,532 $19,740 $20,359
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 15P
Related questions
Question
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You purchase a vehicle for $25,000 at an 8% APR. Your loan term is 72 months. After one year of making payments, how much do you still owe on the vehicle?
$21,617
$32,532
$19,740
$20,359
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