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Carmen plans to buy a used truck by paying a $ 2 0 0 0 down payment and financing the remaining $ 1 8 0

Carmen plans to buy a used truck by paying a $

2000

down payment and financing the

remaining $

18000

with a

3 -

year auto loan at

4 %

annual interest compounding monthly. What

is the total cost of the truck including all payments and down payment? rounded to

2

decimal

places. Do not include the $ symbol.

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