What is the balance of your loan

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Reference no: EM132063591

Question: You purchased a car using some cash and borrowing $15,000 (the present value) for 50 monthly at 12% per year. Calculate the monthly payment (annuity). Referring to Problem 4A.19, assume you have made 10 payments. What is the balance (present value) your loan? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132063591

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