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When Maria Acosta bought a car 2 1 2 years ago, she borrowed $13,000 for 48 months at 7.8% compounded...

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Advance Math

When Maria Acosta bought a car
2
1
2
years ago,
she borrowed $13,000 for 48 months at 7.8% compounded monthly. Hermonthly payments are $316.15, but she'd like to pay off the loanearly. How much will she owe just after her payment at the
2
1
2
-year
mark? (Round your answer to the nearest cent.)
$

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