Sofia has been approved an RBC Royal Bank four-year $25,000 car loan at 7.5% compounded monthly. What end-of-month payments will reduce the balance on the loan after four years to the expected trade-in value of $4000,

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The Answer of Sofia has been approved an RBC Royal Bank four-year $25,000 car loan at 7.5% compounded monthly. What end-of-month payments will reduce the balance on the loan after four years to the expected trade-in value of $4000,

Sofia Has Been Approved an RBC Royal Bank Four-Year $25,000