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3. (10 Points) A car is purchased for $32,000. The dealership is willing to pay $3000 for your old car In addition, you want to

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3. (10 Points) A car is purchased for $32,000. The dealership is willing to pay $3000 for your old car In addition, you want to put an additional $8000 towards down payment. What would be the monthly payments if you were to finance the car for 5 years with the interest rate of 3.25%

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