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Suppose that Cougar Autos offers an easy payment scheme on a new Honda of $ 4 , 0 0 0 a year, paid at the

Suppose that Cougar Autos offers an

easy payment

scheme on a new Honda of $

4, 000

a year, paid at the end of each of the next four years, with no cash down. What is the car really costing you? The interest rate is

6 % .

Show EXCEL formula.

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