Amortization schedule to determine jim payoff amount

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Reference no: EM131939050

Jim wants to buy a car which is priced at $20,000 by putting 10% down and borrowing the rest from his credit union on a 4-year, 6% loan (monthly payments). If after making the first 4 payments, Jim decides to refinance the loan at lower interest rate, use an amortization schedule to determine Jim's payoff amount?

Reference no: EM131939050

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