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6. A down payment of $2000 is made toward a car. The balance of the purchase will be a loan at the rate of 8t.

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6. A down payment of $2000 is made toward a car. The balance of the purchase will be a loan at the rate of 8t. compounded. monthly. Under the financing agreement, payments of $550 will be made each month for 48 months. How much did the car cost? Be sure to write down any formulas you use

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