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Posted on Sep 07, 2024

Scott secured a 5 - year car loan at 6 . 5 0 % compounded annually that required her to make payments of $ 8

Scott secured a

5 -

year car loan at

6.50 %

compounded annually that required her to make payments of $

886.44

at the beginning of each month. Calculate the cost of the car if she made a downpayment of $

3, 000 .

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