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A car was purchased for $2280 down and payments of $425 at the end of each month for three years. Interest is 4% compounded quarterly.
A car was purchased for $2280 down and payments of $425 at the end of each month for three years. Interest is 4% compounded quarterly. What was the purchase price of the car? How much interest will be paid?
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Financial Markets And Institutions
Authors: Jeff Madura
5th Edition
0324027443, 9780324027440
