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A car dealership offers your client no money down on a new car. Your client may pay for the car for 3 years by equal

A car dealership offers your client no money down on a new car. Your client may pay for the car for 3 years by equal monthly end-of-the-month payments of $376 each, with the first payment to be made one month from today. If the annual interest rate is 16.33 percent compounded monthly, what is the present value of the car payments?

Round the answer to two decimal places.

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