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3. Since you are environmentally conscious, you have decided to buy an electric car that is going to cost you $38,000. Your bank is offering

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3. Since you are environmentally conscious, you have decided to buy an electric car that is going to cost you $38,000. Your bank is offering 4.2% financing on a four year loan. After constructing your budget, you determine that you can afford payments of $350 at the end of each month. How large of a down payment will you have to make to buy the car? (10 points)

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