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QUESTION 1 Congratulations! You just bought a new car. You didn't have enough cash to pay for the whole thing right now, so you

QUESTION 1 Congratulations! You just bought a new car. You didn't have enough cash to pay for the whole thing right now, so you decided to finance the purchase and get a car loan. You will be making payments of $494.68 at the end of every month for 3 years. The rate of interest is 5.8% compounded annually. Determine the original purchase price of the car.

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