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The price of a new car is 20,000 . Assume that an individualmakes a down payment of 25% toward the purchase of the car andsecures

The price of a new car is 20,000 . Assume that an individualmakes a down payment of 25% toward the purchase of the car andsecures financing for the balance at the rate of 6%/year compoundedmonthly. 2 answers

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