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The salesperson offers, Buy this new car for $25,000 cash or, with an appropriate down payment, pay $500 per month for 48 months at 8%

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The salesperson offers, "Buy this new car for $25,000 cash or, with an appropriate down payment, pay $500 per month for 48 months at 8\% interest." Assuming that the salesperson does not offer a free lunch, calculate the "appropriate" down payment. $5,127.24$4,519.04$1,000.00$8,000

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