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Keiko is buying a used car. Payments will be $ 7 8 . 7 5 every week for 2 years, with the first payment at

Keiko is buying a used car. Payments will be $78.75 every week for 2 years, with the first payment at the end of 13 weeks. The interest rate is 7.075% compounded monthly. What is the equivalent cash price of the car?
Question 3Answer
a.
X = $7,510.06.
b.
None of the other answers is correct.
c.
X = $7,643.68.
d.
X = $8,110.87.
e.
X = $8,185.97.

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