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A car costing $64462 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 $64462 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 13.5% convertible semi-annually. Calculate X. a. $705.60 b. $732.52 c. $703.51 d. $710.69 e. $717.87

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