Financial Management: Theory & Practice
16th Edition
ISBN: 9781337909730
Author: Brigham
Publisher: Cengage
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Need answer the general accounting question
Transcribed Image Text:2 years ago you borrowed $75,000
to buy a car. The loan was a 6-year
loan with monthly payments with
a 3.2% APR. You have decided to
repay the loan today (2 years after
you borrowed the money). How
much do you owe the bank?
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