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.man.buys.a.car.for $32,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $700 for

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.man.buys.a.car.for $32,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $700 for 36 months, how much must he put down? (Round your answer to the nearest cent.)

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