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Lupd made a down payment of 56000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured
Lupd made a down payment of 56000 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 9%/year compounded monthly. Under the terms of her finance agreement she ia required to make payments of $440/ month for 48 months. What ist the cash price of the car? (Round your answer to the hearest cent.)
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