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Lup made a down payment of $6000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured
Lup made a down payment of $6000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 6%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $430/month for 60 months. What is the cash price of the car?
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