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Posted on Jul 11, 2024

Sam agrees to pay $ 3 , 0 0 0 . 0 0 per month for 8 years on a car loan at 5 .

Sam agrees to pay $

3, 000.00

per month for

8

years on a car loan at

5.35 %

annual interest compounded monthly. What is the present value of the car?

Present Value

=

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