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A smooth used - car salesman is offering you a great deal on a preowned car. He says, For only five annual end - of

A smooth used-car salesman is offering you a great deal on a preowned car. He says,
For only five annual end-of-the year payments of $2,180, the beautiful 2016 Honda
Civic can be yours. If you can borrow money a 5.47%, what is the price of the car? If
you are to make the payment at the beginning of the year, what is the price of the car?

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