Suppose that you borrowed $18,306 for 36 months to buy a car last year at 5.5% APR compounded monthly. What's the present value of the remaining payments after you made 11 monthly payments?
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please not use of excel.and correctly solve if you know then explains
Q)Suppose that you borrowed $18,306 for 36 months to buy a car last year at 5.5% APR compounded monthly. What's the present value of the remaining payments after you made 11 monthly payments?
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