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The car dealership is offering to sell you the 2014 Corvette with only minor axle damage for $393 monthly payment for the next 7 years.

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The car dealership is offering to sell you the 2014 Corvette with only minor axle damage for $393 monthly payment for the next 7 years. Your first payment would be at the end of the month. You qualify for a loan at 5.5% interest rate. Calculate the present value of these payments to determine how much they are charging you for the car. Post your answer in whole numbers. For example $10,000 Question 22 3 pts The car dealership is offering to sell you the 2014 Corvette with only minor axle damage for $393 monthly payment for the next 7 years. Your first payment would be at the end of the month. You qualify for a loan at 5.5% interest rate. Calculate the present value of these payments to determine how much they are charging you for the car. Post your answer in whole numbers. For example $10,000

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