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Mr. Salomon paid 200,000 as down payment for a car. The remaining amount is to be settled by paying 16,200 at the end of each

Mr. Salomon paid 200,000 as down payment for a car. The remaining amount is to be settled by paying 16,200 at the end of each month for 5 years. If interest is 10.5% compounded monthly, what is the cash price of his car?

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