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7. A car dealer tells you that if you put $1,500 down on a car, your payments will be $290.93 per month for four years

7. A car dealer tells you that if you put $1,500 down on a car, your payments will be $290.93 per month for four years at a nominal interest rate of 18%. Assuming monthly compounding, what is the price you are paying for the car

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