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Lynette bought a new car for $27,000. She paid a 20% down payment and financed the remaining balance for 60 months with an APR of

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Lynette bought a new car for $27,000. She paid a 20% down payment and financed the remaining balance for 60 months with an APR of 4.2%. Assuming she made monthly payments, determine the total cost of Lynette's car. Round your answer to the nearest cent, if necessary. Formulas AnswerHow to enter your answer (opens in new window) 2 Points Keypad Keyboard Shortcuts Number of Fixed Payments Required to Pay Off Credit Card Debt r - log|1 - A PMT n R= [- () log(1+2) Monthly Payment Formula for Fixed Installment Loans PMT = (P.) [1-(1+) -nt 1+ Maximum Purchase Price [:-(1+2) ") 1- maximum purchase price = PMT. 6

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