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A smooth used-car salesman who smiles considerably is offering you a great deal on a preowned car. He says, For only six annual payments of
A smooth used-car salesman who smiles considerably is offering you a great deal on a "preowned" car. He says, "For only six annual payments of $2,500, this beautiful 2008 Honda Civic can be yours." If you can borrow money at 8%, what is the price of this car
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