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25 A sports car, purchased for 200,000, is financed for five years at an annual rate of 6% compounded monthly. If the first payment is

25 A sports car, purchased for 200,000, is financed for five years at an annual rate of 6% compounded monthly. If the first payment is due in one month, the monthly payment is closest to: A 3,847 B 3,867. (3,957

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