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Derek decides to buy a new car. The dealership offers him a choice of paying $ 5 6 3 . 0 0 per month for
Derek decides to buy a new car. The dealership offers him a choice of paying $ per month for
years with the first payment due next month or paying some amount today. He can borrow money from
his bank to buy the car. The bank requires a interest rate. What is the most that he would be
willing to pay today rather than making the payments?
Answer format: Currency: Round to: decimal places.
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