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Mathematics, 25.05.2020 09:58 Wethepeeps6048

Bryan wants to purchase a $20,000 car. The bank has offered him a car loan with a 3.75% interest rate and a 60-month term. He has decided to make a 20% down payment. What is the remaining balance on the car loan at the end of the first year?
$14,531
$16,375
$17,572
$13,035

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