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What was the payment amount and interest paid

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Tammy purchased a vehicle for $35,000 two years ago using a 5 percent, 5-year loan. She has decided that he would sell the car now, if she could get a price that would pay off the balance of her loan.

Problem 1: When Tammy made her 24th payment what was the payment amount, interest paid and principle paid?

Reference no: EM132941054

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