Your car loan requires payments of £300 per month for the first year and payments of £600 per month during the second ye

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answerhappygod
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Your car loan requires payments of £300 per month for the first year and payments of £600 per month during the second ye

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Your car loan requires payments of £300 per month for the first year and payments of £600 per month during the second year. The APR is 24% and payments begin in one month. What is the present value of this 2-year loan?
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