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A car is purchased for a downpayment on the day of purchase of $1,500, plus end- of-month payments of $925 for 5 years. Interest is

A car is purchased for a downpayment on the day of purchase of $1,500, plus end- of-month payments of $925 for 5 years. Interest is 5.5% compounded monthly. What is the purchase price of the car? Your image text in transcribed

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