Find the unpaid balance, You have taken an amortized loan

Find the unpaid balance

Reference no: EM13288634

You have taken an amortized loan at 8.7% for 6 years to pay off your new car, which costs $12,000. After 5 years of monthly payments of $214.52, you decide to pay off the loan. Find the unpaid balance. Assume monthly payments.

Reference no: EM13288634

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