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MC algo 6-11 Calculating Annuity Present Values Todd can afford to pay $410 per month for the next 5 years in order to purchase a
MC algo 6-11 Calculating Annuity Present Values Todd can afford to pay $410 per month for the next 5 years in order to purchase a new car. The interest rate is 7.2 percent compounded monthly. What is the most he can afford to pay for a new car today? Multiple Choice $21,294.39 $29,505.54 $19,577.10 $20,321.12
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