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9. DETAILS HARMATHAP12 6.5.021. MY NOTES ASK YOUR TEACHER A man buys a car for $40,000. If the interest rate on the loan is 12%,

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9. DETAILS HARMATHAP12 6.5.021. MY NOTES ASK YOUR TEACHER A man buys a car for $40,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $700 for 48 months, how much must he put down? (Round your answer to the nearest cent.)

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