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Edward Nygma is offered the following terms for a car he is considering purchasing: $ 5 , 0 0 0 down ( today ) and

Edward Nygma is offered the following terms for a car he is considering purchasing: $5,000 down (today) and $400 per month for 6 years. If a fair interest rate for car loans is 4%, what is the price of the car implied by the offer to Nymga?

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