document.write( "Question 1076757: A 42-mounth loan to pay your car has monthly payments of R411.35.if interest rate is 8.1% compounded monthly, find the unpaid balance emmediately after the 24th payment. \n" ); document.write( "

Algebra.Com's Answer #691425 by MathTherapy(10552) $\"\"$ $\"About$

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A 42-mounth loan to pay your car has monthly payments of R411.35.if interest rate is 8.1% compounded monthly, find the unpaid balance emmediately after the 24th payment.
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Upon AMORTIZING the $15,000 loan, $8,049.82 of the PRINCIPAL has been paid, leaving a balance of 
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document.write( "This makes all the sense in the world, since the loan has passed the -way mark of  years.
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document.write( "FYI: The 24th payment signifies 2 years of payment. \n" );
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