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Mathematics, 13.01.2021 18:10 xeskimopie

The day has come! It is time for you to buy your first car. At the car lot, you find the very car you have always wanted and it costs $4,100 after all taxes and fees. Since you have very little credit history, you have a poor credit score. But good news—you are still able to get a car loan! What will the loan balance be after 3 months if the interest is compounded monthly and you pay $88.13 each month?

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