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Hank purchased a $20,000 car 2 years ago using a 9%, 5 year loan.

He has decided that he would sell the car now, if he could get a price that would payoff the balance of his loan. What's the minimum price Hank would need to receive for his car?

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Hank purchased a $20,000 car 2 years ago using a 9%, 5 year loan. He has decided that he would sell the car now, if he could get a price that would
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