Your car loan requires payments of 200 per month for the
Your car loan requires payments of $200 per month for the first year and payments of $400 per month during the second year. The annual interest rate is 12% and payments begin in one month. What is the present value of this 2-year loan?
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your car loan requires payments of 200 per month for the first year and payments of 400 per month during the second
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