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Suppose you want to buy a new car that costs $32,800. You have no cash - only your old car, which is worth $3000 as

Suppose you want to buy a new car that costs $32,800. You have no cash - only your old car, which is worth $3000 as a trade-in. The dealer says the interest rate is 3% add-on for 3 years.

Find the total amount to be repaid.

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