Question

Derek borrows $33,011.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $33,011.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.49%. After a 16.00 months, Derek decides to pay off his car loan. How much must he give the bank?

Answer format: Currency: Round to: 2 decimal places.

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Answer #1

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