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Exercise Christie is buying a new car today and is paying a $500 cash down payment. She will finance the balance at 6 percent interest.

Exercise Christie is buying a new car today and is paying a $500 cash down payment. She will finance the balance at 6 percent interest. Her loan requires 36 equal monthly payments of $400 each with the first payment due 30 days from today. What's the present value of the car

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