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A person has a $550 monthly car payment, which is based on 18% annual interest, compounded monthly. Determine the amount of car bought if it

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A person has a $550 monthly car payment, which is based on 18% annual interest, compounded monthly. Determine the amount of car bought if it was financed for 60 months and no down payment was paid. $21,659.15 $19,968.88 $20,639.33 $52,918.06

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