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What is the amount that you owe the bank today

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Reference no: EM132481900

Four years ago, you moved to Alaska to train for the Iditarod Race and borrowed $20,000 to buy a dog sled. You have decided to repay the loan today. If the loan was a 5 year loan with monthly payments of $396.02 what is the amount that you owe the bank today? Assume that you have not missed any of your regular monthly payments.

Reference no: EM132481900

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