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Suppose you want to buy a new car that costs $17.500. You have no cash - only your old car, which is worth $3000 as

Suppose you want to buy a new car that costs $17.500. You have no cash - only your old car, which is worth $3000 as a trade-in. The dealer says the interest rate is 6% add-on for 5 years. Find the total interest The total interest is $(Simplify your answer.) CC

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