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A car dealership advertises 6 year financing for one of their latest models. You're told that the annual interest rate is 3.7%, compounded montly, and

A car dealership advertises 6 year financing for one of their latest models. You're told that the annual interest rate is 3.7%, compounded montly, and that you'll only have to pay $200 per month. What is the price of the car?

A. $1,187.15

B. $12,895.85

C. $14,400.00

D. $16,095.89

E. None of the above.

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