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A car costing $57883 is purchased with a 25% down payment and further payments of X at the beginning of every month for 10 years.

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A car costing $57883 is purchased with a 25% down payment and further payments of X at the beginning of every month for 10 years. The annual nominal interest rate is 8.2% convertible semi-annually. Calculate X. a. $509.36 b. $540.38 c. $388.94 d. $524.64 e. $514.15 Clear my choice

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