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17. A car priced at $20,000 is 100% financed (no down payment with a 4-year loan at 2.5% annual interest, compounded monthly. If the monthly

17. A car priced at $20,000 is 100% financed (no down payment with a 4-year loan at 2.5% annual interest, compounded monthly. If the monthly payments are $438.28, calculate the equity portion of the first payment

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