You've just purchased a Honda CR-V for $34,000. You're financing this with a 36-month amortized loan, at an annual interest rate of 12% and monthly payments. After the first month, what is the amount of your loan?

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You've just purchased a Honda CR-V for $34,000. You're financing
this with a 36-month amortized loan, at an annual interest rate of 12%
and monthly payments.
After the first month, what is the amount of your loan?
Transcribed Image Text:You've just purchased a Honda CR-V for $34,000. You're financing this with a 36-month amortized loan, at an annual interest rate of 12% and monthly payments. After the first month, what is the amount of your loan?
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