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In Exercises 5-6, a TV set sells for $4,000. To finance it through a bank, the bank will require a down payment of 20%

In Exercises 5-6, a TV set sells for $4,000. To finance it through a bank, the bank will require a down payment of 20% and monthly payments of $160 for 24 months. 5. How much money will the purchaser have to have to borrow from the bank? 2=2 6. What finance charge will the purchaser have to pay the bank?

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