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Rachel purchased a $21,500 car three years ago using a 9 percent, 5-year loan. She has decided that she would sell the car now, if
Rachel purchased a $21,500 car three years ago using a 9 percent, 5-year loan. She has decided that she would sell the car now, if she could get a price that would pay off the balance of her loan. What is the minimum price Rachel would need to receive for her car?
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