Question
Karen sold her car to Jadon for $2,000.00 down and end-of-month payments of $151.00 for 2 years, including interest at 3.75% compounded monthly. What was
Karen sold her car to Jadon for $2,000.00 down and end-of-month payments of $151.00 for 2 years, including interest at 3.75% compounded monthly. What was the selling price of the car? Show work and round final answer to the nearestcent.(2marks)
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
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