You take out a car loan at your local bank for the purchase of a new...

You take out a car loan at your local bank for the purchase of a new car. The total cost including taxes and preparation costs are: $25,985. Your bank’s nominal interest rate for car loans is at the moment 7 1⁄4 % for a 5-year amortization period. Calculate your monthly payments and the remaining balance after 3 years.

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ekkarill92 answered 1 year ago

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